Which of the following always lowers the equilibrium price?
A) an increase in both demand and supply
B) a decrease in both demand and supply
C) an increase in demand combined with a decrease in supply
D) a decrease in demand combined with an increase in supply
D
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The third round of quantitative easing, announced in September 2012, was focused on purchases of:
A) short-term Treasury bills B) long-term Treasury notes C) long-term Treasury notes and sales of short-term Treasury bills D) mortgage-backed securities
A critical component of supply-side economics is that
a. there is no wage that is so low that someone will not be willing to work for it. b. as the wage gets higher, workers choose significantly less leisure. c. labor supply is inelastic. d. as the wage gets higher, workers are richer and choose more leisure.
Marginal cost
a. equals the slope of the total cost curve. b. is calculated as DTC/DQ. c. is the increase in total cost resulting from a one-unit increase in output. d. All of the above are correct.
Which of the following has enhanced the ability of investors, without any special business skills, to benefit from the ownership of corporate America?
a. the increased availability of mutual funds that make it possible for even small investors to purchase a diverse stock portfolio at a low cost b. an increased tendency of small investors to buy and sell stock frequently, using stock tips from investment experts c. the virtual disappearance of business failures among corporations with publicly traded stock shares d. all of the above