If the supply of iPods increases, then
i. the supply curve for iPods has shifted rightward.
ii. the price of iPods has decreased.
iii. there will be a movement upward along the iPod supply curve.
A) i and iii B) i only C) i and ii D) i, ii and iii E) ii and iii
B
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One way fiscal policy affects aggregate demand is:
A. directly through government spending. B. directly through tariffs. C. directly through taxation. D. All of these are true.
Consider a single-price monopolist that is in equilibrium at output level Q* and price P*. If the government imposes a new tax on the firm of $25 per unit of output, then
a. output and price will remain at Q and P b. output will fall and price will rise by $25 c. output will fall and price will fall by less than $25 d. output will rise and price will fall by $25 e. output will fall and the price will rise by less than $25
Money market mutual funds are accounts that are
a. usually offered by banks. b. do not pay interest income. c. insured by the federal government. d. usually offered by brokerage and insurance firms.
Refer to Table 17-20. If Maddie chooses not to clean, then Nadia will
a. clean and Maddie's payoff will be 50.
b. clean and Maddie's payoff will be 30.
c. not clean and Maddie's payoff will be 7.
d. not clean and Maddie's payoff will be 10.