If people expect the price of automobiles to increase drastically next year, it is likely that the demand curve for this year's automobiles will shift to the right
Indicate whether the statement is true or false
T
Economics
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Small devaluations are usually sufficient to stem capital flight
Indicate whether the statement is true or false
Economics
If entry into an industry was very easy, the four firm concentration ratio would not be a very useful index of the competitiveness in that industry
a. True b. False Indicate whether the statement is true or false
Economics
Describe in words the anatomy of an economic model
What will be an ideal response?
Economics
From an initial long-run equilibrium, if aggregate demand grows faster than long-run and short-run aggregate supply, then Congress and the president would most likely
A) decrease the required reserve ratio. B) decrease government spending. C) decrease oil prices. D) decrease tax rates.
Economics