All of the following cause a shift in the demand curve EXCEPT a change in the
A) price of related goods.
B) price of the good or service.
C) consumer income.
D) number of consumers.
B
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Externalities pose a market pricing system failure.
Answer the following statement true (T) or false (F)
If the economy is at point A in the Phillips curve shown, and the government runs expansionary monetary policy, what prediction would you make for inflation?
A. It will increase. B. It will remain constant. C. It will explode. D. It will decrease.
If real GDP in a year was $20 trillion and the price index was 120, then nominal GDP in that year was approximately:
a. $30 trillion b. $24 trillion c. $12 trillion d. $10 trillion
Which of the following best expresses the payment a saver receives for investing their money for two years?
A. PV(1 + i)2 B. 2PV(1 +i) C. PV + PV D. PV + PV (1 + i)