If participants in securities markets believe that an announced decrease in the money supply will reduce the rate of inflation, the likely result will be
A) higher real interest rates.
B) higher nominal interest rates.
C) lower real interest rates.
D) lower nominal interest rates.
D
Economics
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The development of additive manufacturing technology (3-D printers) is expected to lower prices by doing which of the following?
A. Reducing the cost of producing blueprints for manufactured goods. B. Promoting greater economies of scale in manufacturing. C. Reducing the demand for manufactured goods. D. Reducing both large fixed set-up costs and transportation costs.
Economics
If elasticity of demand is 1 and elasticity of supply is 0, what percentage of a 10 percent tax will be borne by consumers?
A. 10 percent. B. 50 percent. C. 0 percent. D. 100 percent.
Economics