The negative slope of the demand curve reflects the:
A. positive relationship between price and quantity demanded.
B. proportional relationship between price and quantity demanded.
C. inverse relationship between price and quantity demanded.
D. inverse relationship between income and quantity demanded.
Answer: C
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How does the growth in the daily volume of foreign currency transactions compare with the growth rate of the global economy?
What will be an ideal response?
When the economy experiences inflation, people demand a:
A. lower quantity of money, shifting the money demand curve leftward. B. higher quantity of money, shifting the money demand curve leftward. C. lower quantity of money, shifting the money demand curve rightward. D. higher quantity of money, shifting the money demand curve rightward.
For an intertemporal budget constraint concerning saving for retirement, the choice is between present consumption and future consumption.
a. Fungible b. Utility-maximizing c. Intertemporal choice d. Backward-bending
Suppose the base year for a Lespeyres index is 2001. The value of the index is 1.3 in 2004 and 1.6 in 2006. By how much did the cost of the bundle increase between 2004 and 2006?
A. 0.3% B. 23% C. 0.23% D. 60%