An expectation of a price increase in the future would cause consumers to______ and producers to_____

a. Delay consumption; delay production
b. Delay production; accelerate production
c. Accelerate consumption; delay production
d. Accelerate consumption; accelerate production

c

Economics

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In the simple deposit expansion model, a decline in checkable deposits of $1,000 when the required reserve ratio is equal to 10 percent implies that the Fed

A) sold $1,000 in government bonds. B) sold $100 in government bonds. C) purchased $1,000 in government bonds. D) purchased $100 in government bonds.

Economics

The shape of the long-run average cost curve reflects

a. market demand b. economies and diseconomies of scale c. increasing and diminishing marginal returns d. productivity of fixed inputs e. all of the above

Economics