Which of the following factors will lead to a shift in the demand curve?
A) changes in the costs of inputs
B) changes in technology
C) changes in the price of the good
D) changes in consumers' tastes and preferences
D
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Louey's Greasy Spoon restaurant charges $15 for each dinner entree and $5 for each dessert selection, and they offer a dinner special that provide an entree and dessert for $18
If a diner at Louey's assigns zero value to dessert and $19 to an entree, what is their optimal decision? A) Buy the dinner special B) Buy only the entree C) Buy only the dessert selection D) We do not have enough information to determine the optimal decision
The demand for the Franconian franc in the foreign exchange market equals 11,000 - 25,000e and the supply of francs in the foreign exchange market equals 9,000 + 25,000 e, where e is the nominal exchange rate expressed in U.S. dollars per franc. If the franc is fixed at 0.15 U.S. dollars per franc, then the franc is ________ and Franconia has a balance-of-payments ________.
A. overvalued; deficit of 5,500 francs B. overvalued; surplus of 5,500 francs C. undervalued; deficit of 5,500 francs D. undervalued; surplus of 5,500 dollars
What are the key differences between how we illustrate a contractionary fiscal policy in the basic aggregate demand and aggregate supply model and in the dynamic aggregate demand and aggregate supply model?
What will be an ideal response?
Which of the following is NOT a method by which unions try to increase the demand for the labor of their members?
A) increasing the marginal product of union members B) increasing the supply of the goods produced by union labor C) supporting minimum wage laws D) supporting immigration restrictions