Which of the following represents the law of supply?
A) An increase in the price of a good causes an increase in the supply of that good.
B) An increase in the price of a good causes a rightward shift of the supply curve for that good.
C) An increase in the price of a good causes an increase in the quantity supplied of that good.
D) all of the above
C
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The relationship between households' planned consumption expenditures and households' level of disposable real income is called
A) the consumption function. B) the savings function. C) the investment function. D) the household aggregate demand function.
Business cycles are linked to the interaction between:
a. the foreign exchange rate and the balance of payments account. b. the aggregate demand and aggregate supply curves. c. the demand and supply curves for a particular good. d. the substitution and the wealth effect. e. the long-run aggregate supply curve and the aggregate resource curve.
The expected return from a portfolio made up equally of two assets that move perfectly opposite of each other would have a standard deviation equal to:
A. 1.0 B. 0.0 C. 0.5 D. -1.0
If a city decides to lift restrictions of how many taxi cabs can operate, social welfare will increase
Indicate whether the statement is true or false