This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A sudden rise in the market demand in a competitive industry leads to a. A market equilibrium price ... (Read 98 times)

magmichele12

  • Hero Member
  • *****
  • Posts: 559
on: Jul 1, 2018
A sudden rise in the market demand in a competitive industry leads to
 a. A market equilibrium price higher than the original equilibrium in the short-run
  b. A market equilibrium price equal to the original equilibrium in the long-run
  c. Both a and b
  d. None of the above

Question 2

If Janet Yellen, Chair of the Federal Reserve Board, begins to tighten monetary policy by raising US interest rates next year, what is the likely impact on the value of the dollar?
 a. The value of the dollar falls when US interest rates rise.
  b. The value of the dollar rises when US interest rates rise.
  c. The value of the dollar is not related to US interest rates.
  d. This is known as Purchasing Power Parity or PPP.
  e. The Federal Reserve has no impact at all on interest rates.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dyrone

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

b


magmichele12

  • Member
  • Posts: 559
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

Mochi

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Project Management: Achieving Competitive Advantage Project Management: Achieving Competitive Advantage
The Rise and Fall of Separation Anxiety The Rise and Fall of Separation Anxiety
The Rise and Fall of Separation Anxiety The Rise and Fall of Separation Anxiety
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Competitive firms and maximization Competitive firms and maximization
Video: Parathyroid hormone (bone resorption) & Calcitonin (bone deposition)

For a complete list of videos, visit our video library