Which statement is true?
A. In the market period, industry supply is either perfectly elastic or very elastic.
B. In the short run, an increase in demand can lead to an increase in a firm's output.
C. In the market period, an increase in demand will lead to an increase in the firm's output.
D. Supply is less elastic in the long run than in the short run.
B. In the short run, an increase in demand can lead to an increase in a firm's output.
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The recession of 2007-2009 made many consumers pessimistic about their future incomes. How does this increased pessimism affect the aggregate demand curve?
A) This will shift the aggregate demand curve to the left. B) This will move the economy up along a stationary aggregate demand curve. C) This will shift the aggregate demand curve to the right. D) This will move the economy down along a stationary aggregate demand curve.
The Sherman Antitrust Act of 1890 was followed almost immediately in the 1890s by the largest merger movement ever known by Americans up to that point in U.S. history
Indicate whether the statement is true or false
Which of the following would cause the money demand curve to shift to the right?
A. Inflation B. An increase in interest rates C. A decrease in GDP D. A technological advance
In a recent survey of 574 employees, 15.5% indicated that they were not in favor of a particular plan. What is the level of confidence associated with the interval of 12.85% to 19.89%?