When economists say the quantity supplied of a product has decreased, they mean the
a. supply curve has shifted to the left.
b. supply curve has shifted to the right.
c. price of the product has risen, and consequently, suppliers are producing more of it.
d. price of the product has fallen, and consequently, suppliers are producing less of it.
D
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The key objective of purchases by the Federal Reserve of over $1 trillion worth of debt issued by private firms was ________
A) to avoid the bankruptcy of the issuing firms B) to manage expectations C) to prevent such firms from being acquired by foreign companies D) to stimulate spending by firms and households
Refer to the normal-form game of price competition in the payoff matrix below.Firm AFirm B??Low PriceHigh Price?Low Price0,050,-10?High Price-10,5020,20What is the maximum interest rate that can sustain collusion?
A. 30 percent B. 20 percent C. 66.7 percent D. 15 percent
Ricardo's theory of _____ advantage states that it makes sense for a country to specialize in the production of those goods that it produces most efficiently and then purchase the goods that it produces less efficiently from other countries, even if this means buying goods from other countries that it could produce more efficiently itself
Fill in the blank(s) with the appropriate word(s).
The various time lags involved with fiscal policy imply that
A. fiscal policy may often be destabilizing if the policy effects occur after the need is over. B. when fiscal policy is carefully coordinated, it can quickly move to keep the economy at the full-employment level of real GDP. C. fiscal policy is most effective as a short-run measure to fine tune the economy's quarterly ups and downs. D. fiscal policy is effective only slowly, but the slowness ensures that it is effective in the long run.