An increase in the demand for electricians will
A. increase economic rent earned by electricians.
B. decrease the supply of electricians.
C. decrease economic rent earned by electricians.
D. have no effect on economic rent earned by electricians.
A. increase economic rent earned by electricians.
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A market is perfectly competitive if
A) each firm in it can influence the price of its product. B) there are many firms in it, each selling a slightly different product. C) there are many firms in it, each selling an identical product. D) there are few firms in the market.
The other checkable deposits component of the M1 measure reported by the Federal Reserve includes
A) negotiable time deposits. B) money market mutual fund shares. C) automatic transfer from savings accounts. D) money market deposit accounts.
Suppose the private bond rating agencies ceased to exist. What would be the impact on the bond market?
What will be an ideal response?
An increase in the U.S. price level will: a. decrease U.S. exports
b. decrease U.S. imports. c. increase RGDP demanded in the United States. d. both (a) and (c)