On the graph above, at the point where quantity demanded equals quantity supplied (let's call it point A), the economy has reached its ________
A) general equilibrium, and barring any shocks, it will not move from A
B) long-run equilibrium, and barring any shocks, it will not move from A
C) short-run equilibrium, and even without any shocks, it may move away from A
D) short-run equilibrium, and barring any shocks, it will not move from A
E) none of the above
C
Economics
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A belief that high-tech companies would be highly profitable led to the boom in Internet companies in the 1990s, which is known as a(n):
a. investment shock. b. investment boom. c. technology surge. d. technology reversal.
Economics
Define the marginal propensity to consume (MPC) and the marginal propensity to save (MPS), and explain why MPC + MPS always equals 1
What will be an ideal response?
Economics