?
PriceQuantity
Demanded
Quantity
Supplied
$101,000 5,500 92,0005,00083,0004,50074,0004,00065,0003,50056,0003,00047,0002,50038,0002,00029,0001,500110,0001,000?
Refer to Table 4-1. What is the equilibrium price in the example above?
A. $9
B. $8
C. $7
D. $6
E. $5
Answer: C
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If a nonrenewable resource is used more in the current period, the return on saving the resource for future falls
a. True b. False Indicate whether the statement is true or false
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To prevent frictional unemployment, we would have to
A. make sure that market demand for goods is stable over time. B. make sure everyone went to college. C. eliminate the business cycle. D. prevent people from leaving their jobs before finding another job.