]If consumers become more optimistic, which of the following is the most likely in the short run?
a. A decrease in output, a decrease in money demand, and a decrease in the interest rate.
b. An increase in output, an increase in money demand, and an increase in the interest rate.
c. An increase in output, an increase in money demand, and a decrease in the interest rate.
d. A decrease in output, an increase in money demand, and a decrease in the interest rate.
e. An increase in output, a decrease in money demand, and a decrease in the interest rate.
B
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The square of the percentage market share of each firm summed over the 50 largest firms in a market is the
A) elasticity of demand value. B) elasticity of supply value. C) Herfindahl-Hirschman Index. D) four-firm concentration ratio. E) fifty-firm concentration ratio.
The lower portion of the circular flow model contains factor markets in which households provide:
a. labor, money, and machines. b. savings, spending, and investment. c. natural resources, labor, and capital. d. output of all final goods and services produced.