According to the law of supply:
a. more of a good is desired by consumers as the price falls.
b. less of a good is desired by consumers as the price rises.
c. more of a good will be offered by suppliers as the price rises.
d. less of a good will be offered by suppliers as the price rises.
c
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The Taylor rule specifies
a. a constant relationship between interest rates and output. b. a constant relationship between interest rates, output, and inflation. c. a flexible relationship between interest rates, output, and inflation. d. a fixed relationship between inflation and output. e. none of the above.
One part of the supply-side argument is that
A) lower marginal tax rates are required to induce Congress to reduce government spending. B) lower marginal tax rates can increase total tax revenues. C) the marginal tax rate should be set at 50 percent. D) the relevant aggregate supply curve is close to horizontal.
The Three Amigo's company produced and sold 500 dog beds. The average cost of production per dog bed was $50 . Each dog be sold for a price of $65 . The Three Amigo's total costs are
a. $7,500. b. $25,000. c. $32,500. d. $67,500.
SNAP provides:
A. financial assistance to needy families with children under age 19. B. assistance to poor people when emergencies arise that aren't taken care of by any of the other programs. C. nutritional assistance, often in the form of coupons redeemable at food stores. D. medical assistance for the poor, paid for by the individual states.