According to the real business cycle theory, which of the following would be a real disturbance to the economy?
A. increase in the labor force
B. reduction in the money supply
C. change in the required reserve ratio
D. increase in the price level
Answer: A
Economics
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The supply curve for watches
A) is downward sloping. B) shows the relationship between the quantity of watches firms are willing and able to supply and the quantity of watches consumers are willing and able to purchase. C) shows the supply of watches consumers are willing and able to buy at any given price. D) shows the relationship between the price of watches and the quantity of watches supplied.
Economics
If the demand for green tea increases as income increases, green tea is a(n)
A. substitute good. B. normal good. C. complementary good. D. inferior good.
Economics