Starting from equilibrium and using the ISLM framework, a decrease in investment leads to
A) lower interest rates and higher income.
B) higher interest rates and higher income.
C) lower interest rates and lower income.
D) higher interest rates and lower income.
C
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An increase in price is likely to affect demand in what way?
A. Demand will increase. B. Demand will decrease. C. Demand will not change. D. This would only affect supply and not demand.
When a new firm enters a monopolistically competitive market, the individual demand curves faced by all existing firms in that market will
a. shift to the left. b. shift to the right. c. shift in a direction that is unpredictable without further information. d. remain unchanged. It is the supply curve that will shift.
When an organization provides extras to employees such as free meals and company cars, these incentives are called______.
A. perquisites B. intrinsic rewards C. commissions D. entitlements
In 1998, living standards in the United States were nearly ______ times higher than those in Africa
A. 3 B. 8 C. 14 D. 20