A table which shows the quantities of a particular good or service that producers are willing to sell (supply) at various prices is known as a supply:
A. schedule.
B. figure.
C. curve.
D. graph.
A. schedule.
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If supply increases and demand decreases
A) the market clearing price definitely rises, and the equilibrium quantity definitely falls. B) the market clearing price definitely rises, and the effect on the equilibrium quantity is indeterminate. C) the market clearing price definitely falls, and the effect on the equilibrium quantity is indeterminate. D) the effect on the market clearing price is indeterminate, and the equilibrium quantity definitely falls.
Increases in productivity per person lead to increases in per capita income, which we call:
A. economic growth. B. the GDP deflator. C. the producer productivity index. D. GDP per capita.
If the R-squared value is low, then using OLS equation is very easy to predict individual future outcomes on y given a set of values for the explanatory variables.?
Answer the following statement true (T) or false (F)
Monetarists take the policy position that the supply of money should be
A. increased at a constant rate each year. B. decreased during recession and increased during inflation. C. held constant over time. D. increased during recession and decreased during inflation.