The supply curve for watches
A) is downward sloping.
B) shows the relationship between the quantity of watches firms are willing and able to supply and the quantity of watches consumers are willing and able to purchase.
C) shows the supply of watches consumers are willing and able to buy at any given price.
D) shows the relationship between the price of watches and the quantity of watches supplied.
D
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In a simple Keynesian model, an increase in income leads to an increase in
A) savings. B) investment. C) the price level. D) the money supply.
The years between 1896 and World War I were characterized by:
a. rapidly rising prices in the U.S. b. wild fluctuations in international exchange rates. c. the "heyday" of the gold standard in the U.S. and most industrialized countries. d. barriers that prevented the flow of goods and capital across international borders. e. All of the above.
If the interest rate is below the Fed's target, the Fed should
a. buy bonds to increase bank reserves. b. buy bonds to decrease bank reserves. c. sell bonds to increase bank reserves. d. sell bonds to decrease bank reserves.
The price-elasticity coefficients are 2.6, 0.5, 1.4, and 0.18 for four different demand schedules,D1, D2, D3, and D4, respectively. A 2-percent increase in price will result in an increase in total revenues in which of the following cases?
What will be an ideal response?