If X is a normal good, a rise in consumer income will shift the:
a. demand curve for X to the right. b. demand curve for X to the left.
c. supply curve for X to the right. d. supply curve for X to the left.
a
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Morgan graduates from college and gets a job paying $50,000 a year. While in school, she consumed 4 pounds of chicken and 1 pound of shrimp a month. After she starts work, she consumes 2 pounds of chicken and 3 pounds of shrimp a month
If everything else is held constant, we know that A) chicken and shrimp are normal goods for Morgan. B) chicken is an inferior good and shrimp is a normal good for Morgan. C) chicken is an inferior good for Morgan. D) shrimp is a normal good for Morgan.
A consumer values a house at $525,000 and a producer values the same house at $485,000 . If the transaction is completed at $510,000 . what level of tax rate will result in unconsummated transaction?
a. 1% b. 5% c. 3% d. 2%
Which of the following is an example of the Fed's use of unconventional monetary policy?
a. buying assets other than Treasury bills b. participating in rescue operations for troubled financial institutions c. lending massive amounts to banks and other financial institutions d. all of the above
This group, consisting of individuals who would like to work but have not looked for work during the past four weeks, is included among
a. discouraged workers. b. the structurally unemployed. c. minimally attractive workers. d. marginally attached workers.