When economists say the demand for a product has increased, they mean the
a. demand curve has shifted to the right.
b. price of the product has fallen, and consequently, consumers are buying more of it.
c. cost of producing the product has risen.
d. amount of the product that consumers are willing to purchase at various prices has decreased.
A
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Exhibit 36-1 Bond FaceValueof Bond Price ofthe Bond Annual CouponPayment A $1,000 $850 $25 B $1,000 $950 $41 C $1,000 $1,100 $52 D $1,000 $1,100 $32 E $1,000 $1,000 $50 Refer to Exhibit 36-1. The coupon rate for bond B is
A. 0.04 percent. B. 4.3 percent. C. 4.1 percent. D. 11 percent.
Which of the following statements is false?
A. In the early 19th century, the United States suffered from a scarcity of labor-relative to land. B. At the time of the American Revolution, about nine of every ten Americans lived on a farm. C. The transcontinental railroads completed in the 1880s brought railroads to every region of the country. D. Between 1939 and 1944, federal government spending rose by 400 percent.
In the long run, most economists agree that a permanent increase in government spending leads to ________ crowding out of private spending
A) no B) partial C) complete D) more than complete
When the dollar appreciates, the cost to Americans of foreign goods
A. rises and the CPI falls. B. rises and the CPI rises. C. falls and the CPI rises. D. falls and the CPI falls.