According to the Keynesian view, an increase in the money supply will cause interest rates to rise, causing levels of investment to fall
Indicate whether the statement is true or false
F
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When demand increases,
A) consumers are willing to buy more at any price. B) consumers buy more of the good only if its price falls. C) the price is lower at any level of quantity demanded. D) consumers buy more of the good only if its price rises. E) the demand curve shifts leftward.
All quasilinear goods are necessities.
Answer the following statement true (T) or false (F)
Which of the following is not a necessary condition for price discrimination? a. The firm must be a price maker
b. The firm must be able to distinguish between customers. c. The firm must be able to prevent resale of a product between customers. d. The firm must be able to produce homogeneous products. e. The firm must have a downward-sloping demand curve.
Approximately what percentage is any initial movement in the level of output offset by automatic stabilizers?
a. 10 percent b. 15 percent c. 20 percent d. 25 percent