A rightward shift of a demand curve is called a(n):
A. increase in demand.
B. decrease in demand.
C. increase in quantity demanded.
D. decrease in quantity demanded.
Answer: A
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The best measure of the income households actually have available to spend is
A) national income. B) disposable personal income. C) personal income. D) net national income.
Happy Bagels sells its bagels for $6 each and the firm has a constant marginal cost of $4 per bagel, which is equal to its (constant) average total cost. If Happy Bagels does not sell a bagel the day it is produced, the bagel is sold as day-old for $2. If Happy Bagels is currently holding 50 bagels in inventory and the probability that Happy Bagels will sell 50 bagels or more is 0.60, which of
the following statements is true? A) To obtain the profit-maximizing, optimal level of inventory, Happy Bagels needs to increase its inventory. B) To obtain the profit-maximizing, optimal level of inventory, Happy Bagels needs to decrease its inventory by exactly one -half. C) To obtain the profit-maximizing, optimal level of inventory, Happy Bagels needs to decrease its inventory. D) Happy Bagels is holding the profit-maximizing, optimal level of inventory.
When the foreign exchange market is in equilibrium, which of the following will be true?
a. imports + exports = net capital inflow b. imports - exports = net capital inflow c. imports - budget deficit = net savings d. imports + investment = exports + savings
Ashley puts money in a savings account at her bank earning 2 percent interest. One year later she takes her money out and notes that prices rose 3 percent. Ashley earned a a. real interest rate of -1 percent due to inflation
b. real interest rate of 1 percent due to inflation. c. nominal interest rate of -1 percent due to inflation. d. nominal interest rate of 1 percent due to inflation.