If sellers become more willing and able to sell more of a service at every possible price, there has been an increase in
A. quantity supplied.
B. supply.
C. wages or other factor costs.
D. demand.
B. supply.
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Holding money to meet unplanned expenditures is
A) the precautionary demand for money. B) the transactions demand for money. C) the asset demand for money. D) the capital demand for money.
Higher ________ in Canada than in the United States help(s) explain why ________ unemployment is higher in Canada than in the United States
A) prices; frictional B) unemployment benefits; structural C) unemployment benefits; frictional D) investment; structural E) prices; structural
Refer to Figure 4-10. Suppose that instead of a price ceiling, the government imposed a price floor of R1. What is the area representing the portion of consumer surplus transferred to producers as a result of the price floor?
A) B + C B) A + B C) B D) A
The sum of the marginal propensity to consume and the marginal propensity to save is always equal to
A) zero. B) 0.5. C) 1. D) 100.