If there is an expectation that the price of a good will decrease in the next month, this would immediately
A. cause a movement along the demand curve to a (lower price, higher quantity) point.
B. move its demand curve to the right.
C. move its demand curve to the left.
D. cause a movement along the demand curve to a (higher price, lower quantity) point.
Answer: C
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We can roughly estimate how long it will take a country to double its real GDP per capita using the:
A. rule of 70. B. rule of 60. C. growth estimator. D. GDP deflator.
Accumulated over a long span of time, the tax rate on interest income
a. removes all benefits from saving. b. reduces the benefits from saving by a small amount. c. reduces the benefits from saving by a large amount. d. does nor reduce any of the benefits from saving.
Why have health care costs risen so much in recent years?
What will be an ideal response?
Which of the following is an economic policy that promotes the efficient quantity of apartments?
A) a rent floor above the equilibrium rent B) a rent ceiling below the equilibrium rent C) a sales tax imposed on renting an apartment D) none of the above