If people buy less flowers at every price when their incomes fall, then
a. flowers are a normal good.
b. the demand for flowers is positively sloped.
c. demand for flowers has increased.
d. the price of flowers has increased.
e. there has been a decrease in population that changed demand.
A
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If the country of Zorg has a birth rate of greater than 2.2 births per woman, it is likely that Zorg is an industrial market country
a. True b. False
Which of the following is true? a. At below the natural rate of unemployment, the economy is considered to be beyond full employment. b. At below full employment, the economy is producing more than potential output
c. At below full employment, unemployment would be below its natural rate. d. All of the above are true.
Suppose that the price of a pizza is $10 and that the price of a blouse is $30 . At her present level of consumption, Magda's ratio of marginal utility of pizza to marginal utility of blouses is 1/2 . To maximize total utility, she should
a. buy more pizzas and fewer blouses b. buy fewer pizzas and more blouses c. continue to buy the same quantities of pizza and blouses d. spend more time consuming pizza e. spend more time buying blouses
The impact of monetary policy on investment spending may be weakened:
A. because of the Treasury's desire for high interest rates. B. if the rate at which dollars are spent changes in the same direction as the money supply. C. if the investment-demand curve shifts to the right during inflation and to the left during recession. D. if the investment-demand curve is very flat.