1 A decrease in demand with the supply held constant leads to:
a. a decreased equilibrium price and a decreased equilibrium quantity.
b. an increased equilibrium price and an increased equilibrium quantity.
c. a decreased equilibrium price and an increased equilibrium quantity.
d. an increased equilibrium price and a decreased equilibrium quantity.
a
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Which of the following influences does NOT shift the supply curve?
A) a rise in the wages paid workers who produce the good B) the development of new technology C) people deciding that they want to buy more of the product D) a decrease in the number of suppliers
The table above shows the distribution of income in Swacko. The government of Swacko imposes a 20 percent tax on people with the highest 40 percent of income
The government then distributes 40 percent of the tax collected to the lowest 20 percent and 30 percent to the second 20 percent and the middle 20 percent. After the redistribution, the Lorenz curve for income ________. A) is equal to the line of equality B) equals the Lorenz curve for wealth C) is closer to the line of equality D) is above the line of equality
Unlike private placements, publicly-sold securities lack
A) any kind of statement of the financial condition of the borrower. B) a secondary market. C) a definite maturity date. D) restrictive covenants.
Immediately after the Federal Reserve buys government securities,
A) bank excess reserves rise. B) bank excess reserves fall. C) bank capital rises. D) bank capital falls.