Exhibit 4-2 Supply and demand curves
In Exhibit 4-2, a decrease in quantity demanded would cause a movement from which equilibrium point to another, other things being equal?
A. E1 to E2.
B. E1 to E3.
C. E4 to E1.
D. E3 to E4.
Answer: D
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a. declined substantially during the 1980s b. have remain stable since the 1950s c. are a smaller percentage of GDP d. have increased substantially since the mid 1960s
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a. there are few firms in the market. b. the products produced cannot be easily differentiated. c. entry and exit are both difficult. d. firms spend a great deal on advertising and promotion. e. firms spend very little on advertising and promotion.
Why do most central banks publish their balance sheets so frequently?
What will be an ideal response?
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A. United States B. United Kingdom C. France D. Mexico