Technological change that makes workers more productive should increase the demand for labor
Indicate whether the statement is true or false
T
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A decrease in supply will have what effect on equilibrium price and quantity?
A. Price will increase; quantity will decrease. B. Price will decrease; quantity will increase. C. Both price and quantity will increase. D. Both price and quantity will decrease.
What is quantitative easing? What was the Fed's objective in implementing quantitative easing?
What will be an ideal response?
If resale price maintenance leads to a shift in the market demand that exceeds the shift in the market supply, the quantity of the good sold will ________ and the manufacturer's profit will ________.
A) decrease; decrease B) decrease; increase C) increase; increase D) increase; decrease
The income of U.S. citizens working abroad counts in U.S. GDP.
Answer the following statement true (T) or false (F)