An decrease in demand is represented by a
A. movement down the demand curve.
B. shift of the demand curve to the right.
C. movement up the demand curve.
D. shift of the demand curve to the left.
Answer: D
You might also like to view...
If we compare the Baby Boom generation of workers to the number of workers who came before and will come after them, we realize that, all other things equal, the Baby Boomer's labor:
A. supply will be relatively greater at any wage. B. supply will be relatively lower at any wage. C. demand will be relatively greater at any wage. D. demand will be relatively lower at any wage.
In June 2009 the Bureau of Labor Statistics reported an adult population of 234.9 million, a labor force of 154 million and employment of 141.6 million. Based on these numbers the unemployment rate was
a. 93.3/234.9. b. 12.4/234.9. c. 93.3/154. d. 12.4/154.
According to the policy irrelevance proposition, real Gross Domestic Product (GDP) is determined by
A. a combination of fiscal policy and monetary policy. B. the rate of inflation only. C. the economy's long-run aggregate supply curve. D. the economy's aggregate demand curve.
An individual's demand curve
a. represents the various quantities that a consumer is willing to purchase of a good at various prices. b. is derived from an individual's indifference curve map. c. will shift if preferences, prices of other goods, or income change. d. all of the above.