Which of the following would cause a change in supply, as opposed to a change in quantity supplied, in the market for used homes?
A) A decrease in the price of rental housing.
B) A decrease in the mortgage rates.
C) An increase in the incomes of home buyers.
D) An increase in the number of buyers in the market for used homes.
A
Economics
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Nominal GDP can change
A) only if prices change. B) only if the quantities of goods and services change. C) only if prices increase. D) if either prices or the quantities of goods and services change. E) only if prices and the quantities of the goods and services change.
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The goal of Medicare is to
A) help the poor and indigent pay their hospital bills. B) prevent poverty in urban cities. C) subsidize medical expenses for the elderly. D) subsidize costs incurred by doctors.
Economics