Suppose the demand for peanuts increases. What will happen to producer surplus in the market for peanuts?
a. It increases.
b. It decreases.
c. It remains unchanged.
d. It may increase, decrease, or remain unchanged.
a
Economics
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What is the slope of the consumption schedule or consumption line for a given economy?
A. APS B. 1 ? MPC C. 1 ? MPS D. APC
Economics
The policy of attempting to obtain a specific low level of inflation over the long run is referred to as:
A) inflation targeting. B) the seigniorage policy. C) the minimal inflation policy. D) price control.
Economics
A monopolist faces a demand curve that
A) is perfectly horizontal at the market price. B) is below the marginal revenue curve. C) is downward sloping. D) coincides with the industry supply.
Economics
The formula to compute the spending multiplier is:
a. 1 / (MPC + MPS). b. 1 / (1 ? MPC). c. 1 / (1 ? MPS). d. 1 / (C + I).
Economics