Demand curves often do not remain stationary; they shift because of changes in other variables
a. True
b. False
Indicate whether the statement is true or false
True
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When more than one central bank attempts to shift the equilibrium exchange rate, we refer to this as:
a. sterilization. b. a currency crisis. c. coordinated intervention. d. an application of special drawing rights. e. a floating exchange rate system.
How does a monopsonist decide how many workers to hire and what wage rate to pay?
According to the assumptions of the quantity theory of money, if the money supply decreases by 7 percent, then
a. nominal and real GDP would fall by 7 percent. b. nominal GDP would fall by 7 percent; real GDP would be unchanged. c. nominal GDP would be unchanged; real GDP would fall by 7 percent. d. neither nominal GDP nor real GDP would change.
Describe the major spending categories and percentage for health care spending
What will be an ideal response?