Refer to the information provided in Figure 30.1 below to answer the question(s) that follow.
Figure 30.1Refer to Figure 30.1. Which of the following could cause a movement from Point B to Point A?
A. an increase in the interest rate
B. a decrease in the interest rate
C. positive growth in aggregate output
D. negative growth in aggregate output
Answer: B
You might also like to view...
Long-term growth in production can be explained by: a. an improvement in the quality of resources available. b. a gradual but consistent rise in the price level
c. a rapid and accelerating increase in the price level. d. a trade surplus that leads to the accumulation of gold. e. the peaks and troughs of economic fluctuations.
The two standard ways of defining poverty thresholds are
a. percentage of median income and basic needs b. number of poor and quintiles c. unearned income of the poor and and welfare d. ratio of the poor's wealth and ratio of the poor's income e. below minimum wage income and above minimum wage income
If the minimum wage exceeds the equilibrium wage, then
a. the quantity demanded of labor will exceed the quantity supplied. b. the quantity supplied of labor will exceed the quantity demanded. c. the minimum wage will not be binding. d. there will be no unemployment.
The economic incentive for price discrimination depends on:
A. a desire to evade antitrust legislation. B. differences among buyers' demand elasticities. C. differences among sellers' costs. D. prejudices of business managers.