Which of the following will cause a movement along the supply curve?
a. An increase or decrease in the raw materials costs.
b. An increase in labor costs.
c. Changes in the cost of the machinery used to make a good.
d. Changes in the market price of a good, other things held constant.
d
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Standards set to control air toxics in the United States
a. are known as the NAAQS b. are the same as those set for greenhouse gases c. are intended to attain the maximum reduction for each toxic achievable, known as MACT d. are solely benefit-based
When the price level rises and increases the demand for money, the nominal interest rate ________ and the real interest rate ________
A) falls; rises B) rises; falls C) rises; rises D) falls; falls E) does not change; does not change
The Fed is part of the executive branch of the federal government
a. True b. False Indicate whether the statement is true or false
If total profit is maximized, then marginal cost must equal marginal revenue
a. True b. False Indicate whether the statement is true or false