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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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
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?