Each of the following is a determinant of demand except
a. tastes
b. production technology.
c. expectations.
d. the prices of related goods.
b
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The demand for Picasso paintings rises (holding everything else equal) when
A) stocks become easier to sell. B) people expect a boom in real estate prices. C) Treasury securities become riskier. D) people expect gold prices to rise.
At any point above the current IS curve, there is an
A) excess demand for goods. B) excess supply of goods. C) excess demand for money. D) excess supply of money.
Approximately 60 percent of the funds flowing to nonfinancial businesses come from ________
A) hedge funds B) financial intermediaries C) organized exchanges, like the New York Stock Exchange D) insurance companies
While corporations bear the statutory incidence of corporate income tax, the economic incidence is likely borne by:
A. shareholders. B. employees. C. customers. D. All of these likely bear some of the economic incidence.