Which of the following would be most likely to cause an increase in the demand for gold?
A) A decrease in the price of gold
B) The expectation of a future decrease in the price of gold
C) An increase in the price of gold
D) The expectation of a future increase in the price of gold
E) An increase in the supply of gold
D
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Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C
A time-series graph displays the price of copper. The slope of the line is negative for periods when the
A) price of copper is falling. B) price of copper is rising. C) quantity of copper is falling. D) price of copper is low and not changing.
An increase in supply will cause
a. an increase in demand. b. a decrease in demand. c. an increase in quantity demanded. d. a decrease in quantity demanded. e. an increase in equilibrium price.
Suppose that Venezuela experiences significant capital outflows after a recent election. If the nation had fixed exchange rates, what effect would these flows have had on Venezuela's overall balance and value of the Bolivar (the Venezuelan currency)?
a. Overall balance would rise and value of the Bolivar would fall. b. Overall balance would not change and value of the Bolivar would fall. c. Overall balance would fall and value of the Bolivar would not change. d. Overall balance would fall and value of the Bolivar would fall. e. Overall balance would fall and value of the Bolivar would rise.