According to the law of supply, a per-unit increase in the price of bun will cause a(n):
a. increase in the supply of buns
b. increase in the quantity supplied of buns.
c. decrease in the supply of buns.
d. decrease in the quantity supplied of buns
b
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Which of the following will change the slopes of your indifference curves between gasoline and movie rentals?
A) a change in your preferences for either of the two goods B) only a change in the price of either of the two goods C) only a change in your income D) Both a change in the price of either good and a change in income will change the slopes of your indifference curves.
Which of the following changes shifts the AD curve up and to the right?
A) A rise in the nominal money supply B) An increase in income taxes C) An increase in the risk on nonmonetary assets D) A decrease in the future marginal productivity of capital
One possible result of a fall in aggregate demand coupled with a stable short-run aggregate supply is
A) a recession. B) an increase in employment levels. C) an economic expansion. D) a rise in the stock market.
Which of the following is a macroeconomic question?
A. Should we have a constitutional amendment requiring the government to implement a national consumption tax to replace the current income tax? B. Why did a leading computer manufacturer establish call centers in India? C. Why does a pharmaceutical manufacturer try to lower its production costs? D. Should the government put a tax on alcohol in an attempt to assist in the funding of support groups like Alcoholics Anonymous?