If Oscar's company has a lease that runs until six months from now, which of the following would be true?
a. His rent payments would be considered fixed costs and anything longer than six months would be considered the short run.
b. His rent payments would be considered fixed costs and anything less than six months would be considered the short run.
c. His rent payments would be considered variable costs and anything longer than six months would be considered the short run.
d. His rent payments would be considered variable costs and anything less than six months would be considered the short run.
b
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In the above figure, in order for the equilibrium price to remain constant while the equilibrium quantity increases, the
A) supply and demand curves both would have to shift leftward. B) supply curve would have to shift leftward and the demand curve would have to shift rightward. C) supply curve would have to shift rightward and the demand curve would have to shift leftward. D) supply and demand curves both would have to shift rightward.
Refer to Figure 10.7. A movement from point C to point A could be caused by
A) a negative demand shock. B) a decrease in the term premium investors expect in the future. C) a decrease in the default-risk premium. D) a decrease in the expected rate of inflation.