Adherents of Say's law maintained that
A. demand created its own supply.
B. people work in order to earn income to spend on consumption.
C. people work in order to earn income to save.
D. demand is unaffected by supply.
B. people work in order to earn income to spend on consumption.
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Stagflation exists when prices rise and output falls.
Answer the following statement true (T) or false (F)
Which of the following bonds will have the highest yield-to-maturity if all three bonds appear identical to investors in terms of risk, liquidity, information costs, tax treatment?
A) one with a coupon of $50 B) one with a coupon of $100 C) one with a coupon of $200 D) none of the above
Refer to the table below. If Sweet Grams is a perfectly competitive firm and the market price $1.25 per unit, what is the profit-maximizing total quantity for Sweet Grams to produce?
Sweet Grams makes graham cracker snack packages. Sweet Grams is a multi-plant firm with two production facilities. The above table summarizes the total marginal cost of production at various output levels in the separate plants. Assume Sweet Grams is a perfectly competitive firm.
A) 27,000
B) 30,100
C) 57,100
D) 68,000
Refer to the above figure. The rightward shift of the curve indicates
A. an increase in supply. B. an increase in demand. C. a change in quantity supplied. D. a change in quantity demanded.