Which one of the following would cause a rightward shift in the demand curve of digital cameras?
A) Digital cameras become easier to use.
B) The price of digital cameras decreases.
C) Production methods are modified to make production of digital cameras more efficient.
D) Government regulations are imposed to limit the number of digital cameras imported.
A
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Economic inefficiency exists when
A) P = MR. B) P = MC. C) MR = MC. D) P > MC.
In response to the financial crisis which followed the housing bubble collapse, policy-makers feared stimulating demand would cause:
A. high inflation despite low economic growth and high unemployment. B. high inflation despite high economic growth and low unemployment. C. low economic growth despite low inflation and low unemployment. D. high unemployment despite low inflation and low economic growth.
Money that is backed solely by a government decree is referred to as fiat money.
Answer the following statement true (T) or false (F)
The purpose of an expansionary monetary policy is to shift the:
A. aggregate demand curve leftward. B. aggregate demand curve rightward. C. aggregate supply curve leftward. D. investment demand curve leftward.