When the price of Toyota Corollas rises, ceteris paribus, the demand for Corollas falls
Indicate whether the statement is true or false
False
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Goods that have been produced but not yet sold are referred to as
A) capital goods. B) inventories. C) understocks. D) pre-sold goods.
"Privatization of government owned industries is likely to increase unemployment in the short run" is a ________ statement about ________ policy.
A. positive; structural B. normative; structural C. positive; fiscal D. normative; monetary
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the long run would be:
A. P2 and Y2. B. P1 and Y2. C. P4 and Y2. D. P1 and Y1.
Choose the letter of the curve in Figure 1.2 that best represents a production possibilities curve for two goods for which there are constant opportunity costs:
A. A. B. B. C. C. D. D.