Expansionary monetary policy causes a ________ the MP curve and a ________ the aggregate demand curve
A) movement to the right along; shift to the right of
B) downward shift of; shift to the right of
C) movement to the left along; movement down along
D) upward shift of; shift to the right of
B
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Edie looked at two apartments that were virtually identical except the one near the subway station was $1,800 a month and the one 10 blocks away was $300 less. What explains the difference in price?
a. The convenience of the train caused higher demand. b. The supply of apartments near the train was higher. c. The distant neighborhood was more desirable. d. Demand was higher in the less active neighborhood.
Which is NOT an example of an intermediate input?
A. A computer chip factory built in Arizona B. Electricity used in a school C. Toilet paper used in an office D. A new chair for a restaurant dining room
Currency speculators aid international trade by:
A. absorbing exchange rate risk that others do not want to bear. B. increasing the volatility of exchange rates. C. making the demand for imports less elastic. D. promoting barter.
Traffic congestion is an example of a(n)
A. public good. B. economy of scale. C. externality. D. government failure.