Which of the following lists has variables that all shift a good's demand curve?
A) price of the good, preferences, prices of substitution goods, income
B) income, preferences, number of buyers, price of complementary good
C) expectation of future price, price of the good, number of buyers, income
D) Both answers A and B are correct.
B
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A fall in the real interest rate brings a
A) rightward shift of the supply of loanable funds curve. B) rightward shift of the demand for loanable funds curve. C) leftward shift of the supply of loanable funds curve. D) movement down along the supply of loanable funds curve. E) movement up along the supply of loanable funds curve.
Assuming a 10-percent decrease in both the nominal (money) wage and the price level in the classical model, then the quantity of labor supplied will
a. also decrease by 10 percent. b. increase by 10 percent. c. remain constant. d. decrease by less than 10 percent.
The clearest trade-off between unemployment and inflation occurred between 1960 and 1969
Indicate whether the statement is true or false
The income approach to measuring GDP
A. adds the income received by all factors of production. B. excludes profits since profits are a cost of production. C. adds the dollar value of final goods and services. D. excludes durable consumer goods since they last more than a year.