Offering product-specific services ________ consumer demand, shifting the market demand curve to the ________.
A) decreases; right
B) increases; left
C) increases; right
D) decreases; left
C) increases; right
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________ occurs when individuals conform to the decisions of others
A) Herding B) Anchoring C) Signaling D) Sniping
If private investment had held up as well as consumption did, the economic contraction from 1929 to 1933 would have been less severe than it was
Indicate whether the statement is true or false
Supply-side economists:
a. saw influence beyond in both the Bush and Clinton administrations. b. disagreed with economist Arthur Laffer's views on taxes. c. were influential in President Reagan's decision to change the tax structure. d. believe that government regulations do not reduce productivity and undermine industrial efficiency.
If Asian economies suffer a serious economic slump, U.S. net exports will
a. increase and AD will shift outward. b. increase and AD will shift inward. c. decrease and AD will shift inward. d. decrease and AD will shift outward.