A movement along the demand curve for toothpaste would be caused by
A) a change in population. B) a change in the price of toothbrushes.
C) a change in consumer income. D) a change in the price of toothpaste.
D
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Most economists believe the LM curve to be
A) horizontal most of the time. B) upward-sloping. C) vertical. D) downward-sloping.
If the short-run aggregate supply curve is shifting right:
a. the short-run Phillips curve is shifting left. b. the short-run Phillips curve is shifting right. c. the long-run Phillips curve is shifting right. d. the long-run Phillips curve is shifting left.
The effect of automatic stabilizers on the business cycle is to _____
Fill in the blank(s) with the appropriate word(s).
Refer to the information provided in Figure 17.2 below to answer the question(s) that follow. Figure 17.2 Refer to Figure 17.2. Suppose Sam's utility from income is given in the diagram. From this we would say that Sam is
A. risk-averse. B. risk-neutral. C. risk-loving. D. a risk taker.