When demand rises and supply remains the same, equilibrium price _______ and equilibrium quantity ____________.
Fill in the blank(s) with the appropriate word(s).
rises; rises
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As output increases, marginal cost
a. continually increases. b. continually decreases. c. increases, reaches a maximum and then declines. d. decreases, reaches a minimum and then rises.
During the U.S. Great Moderation, ________
A) the volatility in the inflation rate declined by 50% B) the volatility in the rate of growth of real output declined by 33% C) the economy stabilized from the higher uncertainty of the 1970s D) all of the above E) none of the above
The equilibrium quantity of Smids would be found by
a. choosing a quantity that generated the highest market price b. setting price equal to the revenue target desired by firms c. solving for the price that generates the maximum revenue for sellers d. choosing the quantity desired by consumers and working backward to solve for theprice associated with that quantity e. determining the price and quantity where the demand and supply curves intersect
Financial intermediaries that primarily accept savings and make loans are known as:
a) commercial banks. b) credit cards. c) federal financial regulators. d) securities firms.