The demand curve illustrates the fact that consumers tend to purchase:
A. more of a good as its price falls.
B. name-brand products more frequently than generic products.
C. more of a good as it becomes more popular.
D. more of a good as their incomes rise.
Answer: A
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Which of the following depends primarily on the growth rate of the money supply?
a. inflation and the natural rate of unemployment b. inflation but not the natural rate of unemployment c. the natural rate of unemployment but not inflation d. neither inflation nor the natural rate of unemployment
Local construction projects and military base funding are usually passed through Congress by using ______.
a. vertical equity b. user fees c. rational ignorance d. logrolling
The lag in realizing that a macroeconomic problem exists is called
A) the recognition lag. B) the implementation lag. C) the impact lag. D) the market lag.
A firm ________ if it earns zero economic profit.
A. earns exactly a normal rate of return B. earns a positive but below normal rate of return C. earns a negative rate of return D. will leave the industry