When the interest rate on a bond is ________ the equilibrium interest rate, in the bond market there is excess ________ and the interest rate will ________
A) above; demand; rise
B) above; demand; fall
C) below; supply; fall
D) above; supply; rise
B
Economics
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The discovery of new natural resources will cause
A) the economy to move closer to the production possibilities curve. B) the production possibilities curve to shift up and to the right. C) an upward movement along the curve. D) the curve to shift back and to the left.
Economics
Exhibit 9-3 A monopolistic competitive firm in the long run
?
To maximize long-run profits, the monopolistically competitive firm shown in Exhibit 9-3 will charge a price per unit of:
A. zero. B. $10 C. $20. D. $30.
Economics