The short-run aggregate supply curve has a(n) ________ slope because as prices of ________ rise, prices of ________ rise more slowly
A) infinite; inputs; final goods and services B) positive; final goods and services; inputs
C) infinite; final goods and services; inputs D) positive; inputs; final goods and services
B
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If zinc suppliers are successful in forming an international zinc cartel, they will experience
a. lower output and higher prices, which discourage the entry of new firms into the industry b. lower output, higher prices, and the need to organize an effort to prevent the entry of new firms into the industry c. higher output and higher prices, which discourage the entry of new firms into the industry d. higher output, higher prices, and the need to organize an effort to prevent the entry of new firms into the industry e. none of the above
An Edge Act Corporation is:
A. a company created by a non-bank corporation used to purchase and operate banks. B. a company created so a U.S. bank can operate in more than one state. C. a subsidiary of a bank created to provide insurance and securities services. D. a subsidiary of a domestic bank that is established specifically to engage in international banking transactions.