An increase in the price of a good is shown by a:
A. rightward shift of the demand curve.
B. leftward shift of the demand curve.
C. movement up and to the left along the demand curve.
D. movement down and to the right along the demand curve.
C. movement up and to the left along the demand curve.
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Instead of studying for his calculus exam, Dicky Cribsheets decides to cheat. In the economic way of thinking, Dicky's decision is
A) inefficient and wrong. B) inefficient and desirable. C) efficient and desirable D) not necessarily any of the above.
The market where one currency is converted into another currency is called the ________ market
A) stock B) bond C) derivatives D) foreign exchange
As a percentage of total federal revenue, excise taxes have _____
a. risen slightly since 1960 b. remained constant since 1960 c. risen considerably since 1960 d. fallen since 1960
The relationship between government spending and the price level explains the:
A. upward-sloping aggregate demand curve. B. downward-sloping aggregate demand curve. C. perfect elasticity of the aggregate demand curve. D. None of these is true.