The interest rate falls when either the demand for bonds ________ or the supply of bonds ________
A) increases; increases
B) increases; decreases
C) decreases; decreases
D) decreases; increases
B
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The current world population is more than ________
A) 6 million B) 6 billion C) 6 trillion D) 6 gazillion
The long-run aggregate supply curve is:
A. vertical. B. horizontal. C. downsloping. D. upsloping.
When an increase in the scale of production leads to higher average costs, the industry exhibits
A. diminishing returns. B. constant returns to scale. C. increasing returns to scale. D. decreasing returns to scale.
When government imposes a per-unit tax on a product, the net price producers actually receive for the product (after taxation) typically:
A. decreases by the amount of the per-unit tax. B. increases by less than the amount of the per-unit tax. C. increases by the amount of the per-unit tax. D. decreases by less than the amount of the per-unit tax.