In which of the following situations will the price of medical care decrease with an increase in its demand?
a. When the supply of medical care is the same as the demand for medical care
b. When there is an increase in productivity as a result of a technological advancement
c. When there is an increase in the price of resources used to produce medical care
d. When the supply of medical care increases more than the demand for medical care
e. When there is an increase in future profit expectations
d
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In the figure above, the leftward shift from the demand for loanable funds curve DLF1 to the demand for loanable funds curve DLF3, could be the result of
A) the economy entering an expansion. B) the economy entering a recession. C) an increase in interest rates during an economic expansion. D) a decrease in interest rates during an economic recession. E) a government budget surplus.
When investment banks allocate shares of a popular but underpriced IPO to executives of other firms in order to attract their business, it is called
A) spinning. B) a bribe. C) reputational activities. D) a kickback.