The prices producers charge to cover the cost of supply may be seen on a:
a. television economic update
b. trade journal
c. index table of interest rates
d. supply curve
Answer: d. supply curve
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Explain how does an increase in real interest rates affect the components of AE
What will be an ideal response?
The equilibrium in the market for loanable funds is:
A. at the interest rate set by the Fed. B. at the price at which the quantity supplied is slightly greater than quantity demanded. C. where the amount being borrowed and the amount being saved is the same. D. where the amount being saved is enough for banks to cover required reserves.
Which of the following will most likely cause movement along the consumption function?
a. a change in disposable income b. a change in interest rates c. a change in tastes d. a change in consumers' expectations
Season tickets to the Miami Heat games are sold out at $30 a game and some people who wanted to get tickets couldn't buy them. As the season progresses, it is clear that the Heat will make it to the playoffs. What is the effect on resale price of tickets to Miami Heat games, assuming resale is legal?
A. Resale price will remain at $30 a game. B. Resale price will rise and supply will rise. C. Resale price will decline as supply rises. D. Resale price will rise and quantity supplied will rise.