Irregular weather patterns caused very poor yields for orange farmers. Which factor of supply would this change in the market for orange juice?
A. Technology
B. Price of input
C. Number of sellers
D. Price of related good
B. Price of input
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Stock prices change with surprises
Indicate whether the statement is true or false
Figure 4-19
After a strike against the Financial News in London began, the number of copies of the competing Broad Street Journal sold in England increased dramatically, yet there was no increase in price. Which supply and demand graph in Figure 4-19 represents the situation for the Broad Street Journal before the strike started?
a.
1
b.
2
c.
3
d.
4
Lower real interest rates
A. tend to shift the consumption function upward. B. have no significant effect on consumption. C. tend to shift the consumption function downward. D. tend to move the consumer upward along the consumption function.
The "official measure" of the deficit (the one reported by the government)
A) tells us the change in government nominal debt. B) is equal to nominal interest payments on the debt plus the primary deficit. C) overestimates the real budget deficit whenever the inflation rate is positive. D) all of the above E) none of the above