A simultaneous increase in both the demand for computers and the supply of computers must increase
a. the number of computers bought and sold.
b. the price of computers.
c. both the equilibrium price and quantity of computers.
d. the shortage of computers in the market.
a. the number of computers bought and sold.
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Which of the following is NOT a likely impact on the bond market if corporations become convinced that a robust economic recovery is underway?
A) increased demand for bonds B) increased supply of bonds C) lower bond prices D) higher interest rates
Which of the following does not increase U.S. aggregate demand?
a. an increase in real wealth b. lower interest rates c. an increase in imports d. a decrease in the exchange rate value of the dollar
Which of the following describes the relationship between GDP and government spending?
a. Government spending = GDP + consumption + private investment - exports - imports b. Government spending = GDP - consumption - private investment - exports - imports c. Government spending = GDP - consumption - private investment + exports + imports d. Government spending = GDP - consumption - private investment - exports + imports e. Government spending = GDP + consumption - private investment + exports - imports
For a monopolist, marginal revenue ________ for all units of output except the first unit.
A. is greater than the price of output B. is less than the price of output C. is equal to the price of output D. may be either greater than or less than the price of output