An increase in the demand for corn is more than offset by an increase in its supply. As a result the equilibrium price will:
A. Increase and the equilibrium quantity will decrease
B. Increase and the equilibrium quantity will increase
C. Decrease and the equilibrium quantity will decrease
D. Decrease and the equilibrium quantity will increase
D. Decrease and the equilibrium quantity will increase
Economics
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Assuming velocity is constant, a 10 percent increase in the quantity of money leads to a 10 percent increase in nominal GDP in both the short run and the long run
Indicate whether the statement is true or false
Economics
When relatively few workers have high ability,
A) they will settle for the average wage. B) they will want to signal their ability. C) the premium for high ability is less than when most workers have high ability. D) they do not need to signal their ability.
Economics