A decrease in the brokerage commissions in the housing market from 6% to 5% of the sales price will shift the ________ curve for bonds to the ________, everything else held constant
A) demand; right
B) demand; left
C) supply; right
D) supply; left
B
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Refer to the figure above. What is the surplus enjoyed by the firm when it is the sole supplier of the medicine?
A) $30 B) $60 C) $90 D) $180
International trade can have important effects on the distribution of income because
A) some resources are immobile in the short run. B) of government corruption. C) the more powerful country dictates the terms of trade. D) rich countries take advantage of poor countries. E) different countries use different currencies.
Capital is _______________
A. the crucial element in every economic system. B. the key to every society's standard of living. C. the result from savings. D. All of these statements describe capital.
After nearly tripling the money supply after the housing market crash and subsequent financial crisis, inflation:
A. has slowly increased, due to restored consumer confidence in the market, increasing the marginal propensity to consume. B. continued to fall, due to the lack of consumer confidence in the market, decreasing the marginal propensity to consume. C. began to spiral out of control, due to the newfound solvency of banks, increasing lending and thus the money multiplier effect. D. stayed relatively low, due to the lack of lending by banks, reducing the effectiveness of the money multiplier.