A significant increase in the price of basketballs will most likely lead to
A. an inward shift in the demand for basketball shoes.
B. an increase in the demand for basketball shoes.
C. an inward shift in the demand for basketballs.
D. a movement along the demand curve for basketball shoes.
Answer: A
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Which of the following would be most likely to reduce the rate of unemployment?
a. a business recession b. an Internet job listing system that makes it easier to get information about job openings and available employees c. an increase in unemployment compensation benefits d. a rise in the minimum wage
M1 is comprised of currency held outside banks + traveler's checks + __________
A) credit cards B) savings deposits C) gold D) checkable deposits E) money market mutual funds
Each increase in tax size results in ______.
a. an increase in revenue b. an increase in demand c. an increase in surplus d. an increase in deadweight loss
Exhibit 6A-1 Budget line
?
?As shown in Exhibit 6A-1, a rightward shift in the budget line from AB to CD would result from:
A. ?a price reduction in good X. B. ?a price reduction in good Y. C. ?a change in consumer preference. D. ?an increase in consumer income.