In an open economy, the quantity demanded of bikes in the domestic market is ________.
A. 80,000
B. 20,000
C. 100,000
D. 50,000
Answer: B
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The expenditure multiplier arises because one person's additional expenditure becomes another person's additional income that will generate additionalÂ
A. cyclical unemployment. B. menu costs. C. expenditure. D. investment demand.
When the demand curve shifts rightward and the market moves to a new equilibrium, then the
A) quantity supplied increases. B) supply decreases. C) quantity supplied decreases. D) supply increases. E) price falls to restore the equilibrium.
President Franklin Delano Roosevelt declared a bank holiday, closing all U.S. banks in ________
A) July 1776 B) October 1929 C) March 1933 D) September 2001
What is the principle of diminishing marginal utility?
What will be an ideal response?