The equilibrium price is best defined as the price at which:
a. demand is smaller than supply
b. suppliers want to supply more goods.
c. demanders want to buy more goods.
d. quantity demanded is equal to quantity supplied.
e. the quantity demanded increases.
d
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The money supply and money demand curves are _____ and ______ respectively. a. Vertical; downward sloping
b. Upward sloping; vertical c. Upward sloping, downward sloping d. None of the above
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
According to the graph shown, if this were depicting an autarky, the amount being sold domestically is:
A. 115. B. 90. C. 60. D. 160.
If financial turmoil overseas reduces U.S. net exports, then those in favor of "lean against the wind policies" would advocate
a. decreasing the money supply and cutting taxes. b. decreasing the money supply and raising taxes. c. increasing the money supply and cutting taxes. d. increasing the money supply and raising taxes.
People who are only working part-time, but want to be working full-time, are classified officially as:
A. unemployed and in the labor force. B. unemployed and out of the labor force. C. employed and in the labor force. D. employed and out of the labor force.