Equilibrium in the market is where supply is equal to demand.
A. True
B. False
C. Uncertain
A. True
You might also like to view...
Gordon states that ________ caused the substantial increase in the standard of living in South Korea relative to that of the Philippines during the period 1960-2010
A) lower unemployment rates B) higher inflation rates C) higher rate of growth in per capita real GDP. D) All of the above
During the course of a week, McDonald's has enough time to hire or layoff workers, but it does not have enough time to expand its kitchen or add an additional seating area. In this situation, McDonald's:
a. has no fixed costs. b. is in the short run. c. suffers an economic loss. d. earns a large profit.
Spending VCU4 on real-world goods and services causes the nation's:
a. Monetary base to remain the same. b. M2 money supply to fall. c. M2 money multiplierto fall. d. M2 money supply to rise.
The form of risk to the lender associated with a borrower not paying their debt is called
A. overall risk. B. market risk. C. default risk. D. complete risk.