Whenever a determinant of supply other than price changes, the supply curve shifts
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Refer to Figure 10.1. If two lights are installed, the people who were responsible for the light being installed each receive a payoff of
A) 2. B) 4. C) 6. D) 8.
Referring to the previous question, all else constant, a one unit increase in the price of good Y would cause the quantity demanded of good X to:
A) decrease by 2 units. B) increase by 2 units. C) decrease by 1 unit. D) decrease by 5 units.
Cross-sectional data observed at several points in time is known as:
A) time series data. B) panel data. C) experimental data. D) none of the above.
Credit rationing and the financial accelerator are responsible, in part, for
A) the significant volatility of gross private investment. B) the significant volatility of real personal consumption. C) smoothing gross private investment during severe recessions. D) smoothing real personal consumption during expansions.