Price Per PizzaQuantity Demanded$0?$5200$1075 Refer to the table, which shows part of the weekly demand schedule for pizza in a certain town. The current market price for pizza is $5 per pizza. According to the laws of economics, which of the following could be the missing number?
A. 125
B. 500
C. 0
D. Infinity
Answer: B
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If the world real interest rate were to fall below the rate at which domestic saving and investment would be equal ________
A) saving would be greater than investment so the economy would be running a trade deficit B) investment would be greater than saving so the economy would be running a trade deficit C) investment would be greater than saving so the economy would be running a trade surplus D) saving would be greater than investment so the economy would be running a trade surplus E) none of the above
Which of the following would cause an increase (rightward shift) in the short-run aggregate supply curve (SRAS)? a. An increase in the long-run aggregate supply curve (LRAS). b. A decrease in the CPI
c. An increase in the CPI. d. A decrease in oil prices.
Explain the difference between the per se and "rule of reason" standards of the antitrust laws