An increase in supply, holding demand constant, will cause:
a. Higher prices and a larger quantity sold
b. Lower prices and a larger quantity sold
c. Higher prices and a smaller quantity sold
d. Lower prices and a smaller quantity sold
Answer: b. Lower prices and a larger quantity sold
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Decentralized market-based financial systems improve the allocation of saving by:
A. eliminating the need for commercial banks or other financial intermediaries. B. ensuring capital gains exceed dividend payments. C. providing information and risk-sharing services. D. matching net capital inflows to net capital outflows.
Refer to Table 1-6. What is Ivan's marginal benefit if he decides to stay open for six hours instead of five hours?
A) $10 B) $20 C) $30 D) $91.67
Describe the differences between the growth rates of real personal consumption and real gross private investment in the United States
What will be an ideal response?
According to Laffer (of the Laffer curve), the Kemp-Roth tax cut of 1981 should have caused
a. tax revenue to rise, and it did b. tax revenue to fall, and it did c. people to increase saving, and it did d. people to increase consumption spending, but it didn't e. tax revenue to rise, but it didn't