The supply of hydro electric power:
a. can be varied infinitely in the short run.
b. remains fixed in the long run.
c. decreases with an increase in price in the short run.
d. reduces in the future due to continuous consumption today.
e. increases with an increase in price in the long run.
e
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When regulators chose to allow insolvent S&Ls to continue to operate rather than to close them, they were pursuing a policy of
A) regulatory forbearance. B) regulatory kindness. C) ostrich reasoning. D) ignorance reasoning.
What do increases in consumer and business confidence lead to?
a. Higher consumption and lower investment demand b. Lower consumption and investment demand c. Higher consumption and investment demand d. Lower consumption and higher investment demand
The cost of inflation reduction is less if people believe that the central bank will really reduce inflation
a. True b. False Indicate whether the statement is true or false
Which of the following contains most of the characteristics of a public good?
A. a public library B. education C. trash collection D. national defense