Suppose there is a simultaneous Fed sale of bonds and increase in consumer confidence. We know with certainty that these two simultaneous events will cause
A) an increase in the interest rate (i).
B) a reduction in i.
C) an increase in output (Y).
D) a reduction in Y.
A
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Javier wants to start a microbrewery business and is thinking of setting it up as a sole proprietorship
What are the advantages and disadvantages he will face by setting up the business as a sole proprietorship as opposed to a partnership or a corporation?
If your income goes down, you will probably purchase fewer goods and services.
a. true b. false
Exhibit 12-3 Lorenz curve for an economy
If this economy's distribution of income becomes more equal, then the Lorenz curve shown in Exhibit 12-3 will:
A. move closer to the 45° line. B. become more bowed outward. C. lie above the 45° line. D. shift down and to the right.
Competition is best seen as a process.
Answer the following statement true (T) or false (F)