Which of the following will lead to an increase in aggregate demand in the United States?
a. a higher price level
b. an increase in the real interest rate
c. an increase in wealth due to a substantial appreciation in the value of stocks
d. a decrease in real income in Japan and Western Europe
C
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The only way to eliminate all competition from social life would be through
A) abolishing money. B) eliminating all scarcity. C) eliminating all selfishness. D) giving government the power to control everything. E) making everyone as concerned about others as they are about themselves.
Suppose Always There Wireless serves 100 high-demand wireless consumers, who each have a monthly demand curve for wireless minutes of QdH = 200 - 100P, and 300 low-demand consumers, who each have a monthly demand curve for wireless minutes of QdL = 100 - 100P, where P is the per-minute price in dollars. The marginal cost is $0.25 per minute. Suppose Always There Wireless charges $0.25 per minute. If Always There Wireless charges the highest fixed fee that it can without losing the low-demand consumers, what are the profits from sales to each of the high-demand consumers?
A. $9.38 B. $28.13 C. $153.13 D. $1.00
Area income increases by 20 percent
a. Quantity demanded at Urban General does not change. b. Quantity demanded at Urban General falls by 10.0 percent. c. Quantity demanded at Urban General rises by 10.0 percent. d. Quantity demanded at St.Elsewhere rises by 7.0 percent. e. There is not enough information to tell what happens to quantity demanded at either hospital.
The excess burden of an excise tax is
a. greater the more inelastic the supply curve. b. greater the more elastic the demand curve. c. smaller the more elastic the supply curve. d. greater the more inelastic the demand curve.