Which of the following shifts the supply curve for gasoline rightward?
A) a situation in which the quantity demanded exceeds the quantity supplied
B) an increase in the price of gasoline
C) a decrease in the price of a resource used to produce gasoline, such as crude oil
D) an increase in the demand for gas-guzzling, sport utility vehicles
C
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With a required reserve ratio of 20 percent, an increase in reserves of $10,000 could lead to a maximum increase in checking account deposits in the entire banking system of
A) $2,000. B) $8,000. C) $50,000. D) $100,000.
Which of the following are ways to sell a customer additional units without dropping the price on previous purchases
a. Offer quantity discounts b. Offer two-part pricing ex: membership fees c. Bundle the goods together d. All of the above
If prices of goods and services quickly adjust to demand shocks, then
A. Firms would find it difficult to produce at their optimal output rates B. Output rates would quickly adjust to changes in demand C. Firms would find it easier to produce at their optimal output rates D. The economy would experience severe short-run fluctuation
What are the differences between common stock and preferred stock?
What will be an ideal response?