Which of the following will cause a decrease the supply of jeans?
A. A decrease in the expected future price of jeans.
B. An increase in the wages paid to workers who make jeans.
C. A decrease in the price of jeans.
D. A decrease in the demand for jeans.
Answer: B
You might also like to view...
List and discuss the four economic functions that depository institutions provide their customers
What will be an ideal response?
Countercyclical fiscal policy is
a. fiscal policy designed to intensify the business cycle in the same way that we fight fire with fire b. fiscal policy designed to moderate the severity of the business cycle c. fiscal policy designed to make the economy grow faster than the rate of growth represented by the long term trend d. fiscal policy that does not depend on government intervention in the economy e. fiscal policy that moves in one direction only: increases in government spending that are designed to make the economy grow faster