A lower price level causes us to
A) move up along the aggregate demand curve.
B) move down along the aggregate demand curve.
C) shift the aggregate demand curve to the right.
D) shift the aggregate demand curve to the left.
B
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With linear demand and supply curves in a market, suppose a tax of $0.20 per unit on a good creates a deadweight loss of $40 . If the tax is increased to $0.50 per unit, the deadweight loss from the new tax will be
a. $200. b. $250. c. $475. d. $625.
Robert put $15,000 into an account with a fixed interest rate two years ago and now the account balance is $16,917.66 . What rate of interest did Robert earn?
a. 4.5 percent b. 5.4 percent c. 6.2 percent d. 8.0 percent
When you discover money in your coat that you placed there last winter, you unexpectedly find you were using money as a(n)
A) medium of exchange. B) unit of account. C) factor of production. D) store of value.
Because of free riders, the demand for a public good:
A. does not get expressed in the market, but the good does get produced by private sellers. B. gets expressed in the market, and the good does get produced by private sellers. C. gets expressed in the market, but the good does not get produced by private sellers. D. does not get expressed in the market, and the good does not get produced by private sellers.