A large increase in the supply of HD-TV sets occurs simultaneously with a smaller decrease in its demand. As a result the equilibrium price will:
A. Increase and the equilibrium quantity will decrease
B. Increase and the equilibrium quantity will increase
C. Decrease and the equilibrium quantity will decrease
D. Decrease and the equilibrium quantity will increase
D. Decrease and the equilibrium quantity will increase
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Regression analysis indicates that there are job-related characteristics that may explain some, if not all, of the wage gap between men and women, including hours worked, job tenure, career choice, and choice of college major
Briefly discuss the differences between men and women with respect to these four characteristics.
That the money form should be homogeneous is another way of saying that all units of money should be
a. durable b. portable c. stable d. identical e. divisible
The consumer price index is a measure of
A) the lowest prices paid by urban consumers for a fixed basket of consumer goods and services. B) the commodity prices paid by urban consumers for a fixed basket of consumer goods and services. C) the average of the prices paid by urban consumers for a fixed basket of consumer goods and services. D) the consumer prices paid by average households for a fixed basket of goods and services. E) the average of the prices paid by rural consumers for a fixed basket of consumer goods and services.
According to the quantity equation, if velocity and real GDP are constant, and the Federal Reserve increases the money supply by 5 percent, then the price level:
A. increases by 5 percent. B. decreases by 5 percent. C. decreases by more than 5 percent. D. increases by more than 5 percent.