A movement up the aggregate supply curve is caused by a(n)
A. decrease in the price level.
B. increase in aggregate supply.
C. increase in the price level.
D. decrease in aggregate supply.
Answer: C
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Refer to the scenario above. Which of the following will happen if her husband quits his job to look after their son instead of Sarah?
A) The country's GDP will remain unchanged. B) The country's GDP will increase. C) The country's trade deficit will increase. D) The country's trade surplus will increase. Mike's housekeeper charges $30 for mowing his lawn.
Explain the difference between a negative production externality and a negative consumption externality
What will be an ideal response?
In 1990 the UN placed trade sanctions on Iraqi oil. In 1996, Iraq was allowed limited export of oil to make war reparations. What was the predicted effect of the two events on equilibrium price and quantity of oil?
A. The price rose initially, then fell (failing to regain its former losses); quantity rose, then fell B. The price fell initially, then rose (failing to return to its former low level); quantity fell and then rose C. The price rose initially, then fell (failing to regain its former losses); quantity fell and then rose D. The price fell initially, then rose (failing to return to its former low level); quantity rose and then fell
A . What is the difference between common stock and preferred stock? b. If you are highly risk-averse, would you be more likely to invest in common stock or preferred stock? Explain