Author Question: Due to low interest rates, increased banking regulations, and technological change, JPMorgan Chase ... (Read 58 times)

drink · **on:** Jun 29, 2018

Due to low interest rates, increased banking regulations, and technological change, JPMorgan Chase announced it would ________ the number of persons it employed in 2015 and this would ________ the total number of persons unemployed in the economy.

A) decrease; increase B) increase; decrease C) decrease; decrease D) increase; increase

Question 2

If the price of prime rib falls, the income effect due to the price change will cause

A) an increase in the quantity of prime rib supplied.
B) an increase in the demand for prime rib.
C) an increase in the demand for flank steak, a substitute for prime rib.
D) an increase in the quantity of prime rib demanded.