Suppose there is a simultaneous increase in demand and increase in supply. Given this information, we know with certainty that
A) both the equilibrium price and the equilibrium quantity will increase.
B) the equilibrium price will increase, and the equilibrium quantity will increase.
C) the equilibrium quantity will increase.
D) the equilibrium price will increase.
Answer: C
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The federal government is most likely to oppose
A. the purchase of a firm in danger of bankruptcy by a successful firm. B. a merger between two firms in a perfectly competitive industry. C. the purchase of one oligopolist by another in an industry with contestable markets. D. a merger between two firms in a three-firm industry.
An increase in aggregate demand is most likely to result in
a. inflation. b. recession. c. economic stagnation. d. a decrease in real GDP.
______ occurs when voters look at the past performance of incumbent parties to decide how to vote in the current election.
A. Prospective voting B. Accountability C. Immobilism D. Retrospective voting
If the dollar appreciates against the peso it means that U.S. goods become more expensive in Mexico.
Answer the following statement true (T) or false (F)