Which of the following is an example of a "how much" decision?
A) The Zhous have demolished their old home and are debating whether to build a ranch-style house or a Craftsman home.
B) The Pleasantville movie theatre is open only in the evenings. The theatre's manager is debating whether to add daily matinee shows.
C) You're planning to hold a graduation party and must decide between having your party catered or having a pot-luck.
D) Chelsea has withdrawn from the swim team to take a full-time job.
B
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Refer to the accompanying figure. The equilibrium price is ________, and the equilibrium quantity is ________.
A. $25; 20 B. $25; 5 C. $30; 15 D. $35; 20
Which of the following would cause the money demand curve to shift to the right?
A. A decrease in GDP B. Inflation C. An increase in interest rates D. A technological advance
In the horizontal range of the AS curve,
A. the price level is constant. B. the classical model assumptions apply. C. national income is supply-determined. D. full employment exists.
Table 14.4Table 14.4 represents 3 markets for used motorcycles. Which of the markets in Table 14.4 are in equilibrium?
A. 1 only B. 2 only C. 3 only D. 1 and 3