If market price is above equilibrium price,
A. quantity demanded is greater than quantity supplied.
B. quantity supplied is greater than quantity demanded.
C. quantity supplied is equal to quantity demanded.
B. quantity supplied is greater than quantity demanded.
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The slope of the aggregate supply curve shows that, all else the same, the
A) quantity of real GDP supplied increases as the price level increases. B) price level remains constant as potential GDP increases. C) price level remains constant as real GDP increases. D) quantity of real GDP supplied remains constant as the price level increases. E) quantity of real GDP supplied decreases as the price level increases.
Suppose investors become more optimistic that the economy will be doing well over the next decade. How will the market for loanable funds as depicted in the accompanying graph be affected?
A. Supply will shift to the left from S2 to S1. B. Demand will shift to the right from D1 to D2. C. Demand will shift to the left from D2 to D1. D. Supply will shift to the right from S1 to S2.
If people expect the price of a stock to rise in future, the demand curve for the stock:
a. becomes positively sloped. b. shifts to the right. c. becomes horizontal. d. becomes vertical. e. shifts to the left.
If the four-firm concentration ratio in an industry increases, the industry
A. must have become more competitive. B. must have become a monopoly. C. must have become less competitive, although not necessarily a monopoly. D. may or may not have become less competitive.