Healthcare spending has fallen as a share of GDP since 2009.
a. true
b. false
b. false
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An decrease in equilibrium quantity would result from
A. an increase in demand with no change in supply. B. a decrease in supply with no change in demand. C. a decrease in demand with no change in supply. D. both a decrease in supply with no change in demand and a decrease in demand with no change in supply.
The equilibrium price under an import quota is below the price that occurs with free trade.
Answer the following statement true (T) or false (F)
When a $500 check is cleared from Bank A to Bank B, the M2 money supply:
a. Increases permanently. b. Falls permanently. c. Does not change.
If the supply of product X is perfectly elastic, an increase in the demand for it will increase:
A. equilibrium quantity but reduce equilibrium price. B. equilibrium quantity, but equilibrium price will be unchanged. C. equilibrium price but reduce equilibrium quantity. D. equilibrium price, but equilibrium quantity will be unchanged.