In September, buyers of silver expect that the price of silver will rise in October. What happens in the silver market in September, holding all else constant?
A) The quantity demanded increases. B) The quantity demanded decreases.
C) The demand curve shifts to the right. D) The demand curve shifts to the left.
C
Economics
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In the long run, perfectly competitive firms earn just enough revenue to
A) pay all fixed costs. B) pay all accounting costs. C) pay all opportunity costs. D) attract entry.
Economics
In the expectations-augmented Phillips curve, ? = ?e - 3(u - 0.05). When ? = 0.03 and ?e = 0.06, the unemployment rate is
A) 0.04. B) 0.05. C) 0.06. D) 0.07.
Economics