An injunction is a court order that forbids the continuation of behavior that leads to benefits.
Answer the following statement true (T) or false (F)
False
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Which of the following statements is inconsistent with Say's Law?
A) The economy has flexible wages and prices. B) The economy will produces at the full employment level of output. C) The economy has an environment of "laissez faire." D) The economy's level of saving depends solely on the level of income.
Which of the following is likely to happen if the Fed conducts a contractionary monetary policy?
A) Labor demand will increase. B) The nominal interest rate will decrease. C) The stock of money in the economy will decrease. D) Banks will make more loans.
What would happen to the budget line if income increases by the same percentage as the price of the two goods decreases (that is income up by, say, 10 percent and the prices down by 10 percent)?
A. A rightward parallel shift in the budget line B. A leftward parallel shift in the budget line C. An upward pivot of the budget line D. The budget line is unaffected
The imposition of a unit excise tax on beer will
A) lower equilibrium price and quantity in the market. B) increase equilibrium quantity and price in the market. C) lower equilibrium quantity and raise equilibrium price in the market. D) raise equilibrium quantity and lower equilibrium price in the market.