Suppose there are 100 identical firms in the rag industry, and each firm is willing to supply 10 rags at any price. The market supply curve will be a
A) vertical line where Q = 10.
B) vertical line where Q = 100.
C) vertical line where Q = 1000.
D) horizontal line where Q = 1000.
C
Economics
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As of 2009, China's economy had recovered from the global recession that began in 2008
Use aggregate demand and aggregate supply analysis to explain why, and to explain the likely consequences for China of an increase in the growth rate of the global economy.
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Who stands to gain as a result of unanticipated inflation?
A) creditors B) debtors C) persons living on a fixed income D) retired individuals
Economics