If the price of bonds is set ________ the equilibrium price, the quantity of bonds demanded exceeds the quantity of bonds supplied, a condition called excess ________
A) above; demand
B) above; supply
C) below; demand
D) below; supply
C
Economics
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Takeovers and takeover attempts waste valuable capital.
Answer the following statement true (T) or false (F)
Economics
If the money wage rate rises relative to the price level, firms ________ the quantity of labor they demand and workers ________ the quantity of labor they supply
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
Economics
Economists consider the long run as a period of more than one year.
Answer the following statement true (T) or false (F)
Economics
Economic growth refers to long run increases in
A) prices. B) tax rates. C) population. D) GDP per capita.
Economics