Demand-pull inflation occurs
A) when the aggregate supply curve shifts to the right, while aggregate demand remains stable.
B) when the aggregate demand curve shifts to the right, while aggregate supply remains stable.
C) when the aggregate demand curve shifts to the left, while aggregate supply remains stable.
D) when the aggregate supply curve shifts to the left, while aggregate demand remains stable.
B
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Along a linear downward-sloping demand curve, the price elasticity of demand will be
A. equal to zero across each price range. B. greater than one across each price range. C. different across each price range. D. less than one across each price range.
Define the concentration ratio
What will be an ideal response?
The higher the interest rate, the greater the:
A. Both present value and net present value are correct. B. Neither present value nor net present value is correct. C. present value. D. net present value.
What function is money serving when you buy a ticket to a movie?
A. A unit of account. B. A transaction demand. C. A medium of exchange. D. A store of value.