Sandy's current consumer surplus for candy is 20. Candy is a normal good for her. When her income increases and the price of candy remains unchanged, her consumer surplus will
A) increase.
B) decrease.
C) remain the same.
D) Not enough information.
A
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In the early 1980s the savings and loan associations started making _____ loans and paying their shareholders _____ interest rates.
A. riskier; higher B. riskier; lower C. less risky; higher D. less risky; lower
Refer to the following graph.
A lazy monopolist is best described by earning area A and B in profits.
Answer the following statement true (T) or false (F)
Refer to the above data. Real GDP in year 4 was approximately:
$3,494 billion $3,989 billion $3,562 billion $3,774 billion
Fixed investment is
A. capital purchase by businesses of newly produced durables. B. the change in stocks of finished goods. C. the change in the stocks of goods in process. D. purchases by consumers of newly produced consumer durables.