There is excess production of tomatoes in the market. This implies that
A. the current price is above the equilibrium level.
B. supply of tomatoes is more than the demand.
C. quantity demanded is more than quantity supplied.
D. the price will be rising, as a result.
Answer: A
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The aggregate demand curve shows the combinations of output and the price level that put the economy on
A) the FE line and the IS curve. B) the FE line, the IS curve, and the LM curve. C) the IS curve. D) the IS curve and the LM curve.
Individual income taxes generate roughly 25% of the tax revenue for the federal government
a. True b. False Indicate whether the statement is true or false
In this graph for positive externalities in consumption, the demand curve DPrivate, ______.
a. is to the left of DSocial
b. is to the right of DSocial
c. intersects the supply curve at efficient equilibrium
d. intersects Q2 at market equilibrium
The price of a coupon bond can best be described as the:
A. future value of the coupon payments. B. present value of the face value plus the present value of the coupon payments. C. future value of the coupon payments and the face value. D. present value of the face value.