Refer to the diagram, which shows demand and supply conditions in the competitive market for product X. If the initial demand and supply curves are D 0 and S 0 , equilibrium price and quantity will be:
A. 0F and 0C, respectively.
B. 0G and 0B, respectively.
C. 0F and 0A, respectively.
D. 0E and 0B, respectively.
A. 0F and 0C, respectively.
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During the period from 1945 to 1975, the debt to GDP ratio
a. remained steady. b. rose slightly. c. increased rapidly. d. fell steadily.
Costs of unemployment include
A. structural unemployment. B. reduction in the labor force. C. the output lost due to the fact that the economy is not running at full employment. D. higher wages.
In what way does land differ from other inputs such as labor and capital?
What will be an ideal response?
Open market operations refer to the purchase or sale of ________ to control the money supply
A) corporate bonds and stocks by the Federal Reserve B) U.S. Treasury securities by the U.S. Treasury C) U.S. Treasury securities by the Federal Reserve D) corporate bonds and stocks by the U.S. Treasury