A price increase will always cause a firm's revenue to fall, because they will sell less of the good
a. True
b. False
Indicate whether the statement is true or false
False
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Use the following graph for the federal funds market to answer the next question.
If the Fed wants the federal funds rate to be at if1, what quantity of reserves do they need to make available to banks?
A. Qf1 B. Qf2 C. Qf3 D. It cannot be determined with the information given.
Refer to Table 19-18. What is the GDP deflator in 2016 if 2016 is the base year?
A) 120 B) 118 C) 100 D) 87
A holdup problem occurs
A) when a financial institution undertakes too little investment in security. B) when one firm must make a specific investment and a second firm takes advantage of it. C) if the firm that moves second in a Stackelberg game chooses the incorrect output level. D) if you are entering into a contract with a government entity.
If D represents firms and B represents resource markets, then the flow from D to B is _____
a. revenue. b. expenditures. c. labor, capital, and natural resources. d. income and expenditures. e. wages, interest, rent, and profit. check image at top