Suppose the demand for pens increases and the supply for pens decreases. What effect will it have on the quantity?
a. It will rise
b. It will fall
c. uncertain
d. None
c
Economics
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In the Keynesian model, money demand is positively related to
A) income. B) interest rates. C) saving. D) aggregate supply.
Economics
To move the allocation of resources closer to the social optimum, policymakers should typically try to induce firms in an oligopoly to
a. collude with each other. b. form various degrees of cartels. c. compete rather than cooperate with each other. d. cooperate rather than compete with each other.
Economics