If, regardless of price, the quantity supplied is a constant amount, then the supply curve is:
A. horizontal.
B. vertical.
C. upward sloping.
D. downward sloping.
Answer: B
You might also like to view...
The Keynesian model of macro equilibrium provided an explanation for the:
a. high rates of both unemployment and inflation experienced during the 2110s. b. prolonged high rates of unemployment experienced during the 1930s. c. low interest rates of the 1950s and 1960s. d. budget surpluses and rapid growth of the U.S. economy during the 1990s.
Loans that are secured against an asset:
A. generally have lower interest rates. B. generally have higher interest rates. C. are much longer in length than unsecured loans. D. are much shorter in length than unsecured loans.
If expected inflation is 12 percent and the publicly regulated electric utility company is legally limited to a 10 percent rate of return, then we should expect
a. increased investment by the utility. b. expansion of electric power generating capacity. c. future power shortages. d. excess investment by the electric utility.
A department store chain in Japan uses yen to purchase 500,000 U.S. dollars from a U.S. bank. It then uses these dollars to buy DVDs from a U.S. filmmaker. As a result of these transactions: A. By how much and in what direction did U.S. net exports change? B. By how much and in which direction did U.S. net capital outflow change?