The above figures show the market for hamburger meat. Which figure(s) shows the effect of an increase in the price of a hamburger bun, a complement for hamburger meat?
A) Figure B
B) Figure C
C) Figure D
D) Figures A and B
A
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All else equal, anything that increases the transportation costs ________ the number of consumers shopping at ________.
A) increases; larger, less expensive stores B) increases; local, more expensive stores C) does not change; local, more expensive stores D) does not change; larger, less expensive stores
If we observe a decrease in the price of a good and a decrease in the amount of the good bought and sold, this could be explained by
a. an increase in the supply of the good. b. an increase in the demand for the good. c. a decrease in the demand for the good. d. a decrease in the supply of the good.
The increase in the trade deficit in the 1980's reflected a decrease in national saving that is associated with an increase in the government budget deficit
a. True b. False Indicate whether the statement is true or false
If net exports are positive:
A. the equilibrium GDP must be greater than the full-employment GDP. B. imports must exceed exports. C. aggregate expenditures are greater at each level of GDP than when net exports are zero or negative. D. some other component of aggregate expenditures must be negative.