The number of corn producers increases, so the supply of corn ________ and the supply curve of corn ________
A) increases; does not shift
B) increases; shifts rightward
C) decreases; shifts leftward
D) increases; shifts leftward
E) decrease; shifts rightward
B
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If participants in securities markets believe that an announced decrease in the money supply will reduce the rate of inflation, the likely result will be
A) higher real interest rates. B) higher nominal interest rates. C) lower real interest rates. D) lower nominal interest rates.
In profit centers
a. Managers are difficult to evaluate because there is no simple metric of how well they performed b. Managers typically do not have the information to run their division efficiently c. Managers' decisions can affect other divisions d. Managers typically do not have the incentives to run their division efficiently