According to this Application, studies estimated that a decrease of consumer wealth of $1 would ________ consumption spending by somewhere between ________
A) lower; $0.21 and $0.72 B) raise; $0.10 and $0.50
C) raise; $0.21 and $0.72 D) lower; $0.02 and $0.07
D
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The supply of loanable funds curve is downward sloping
a. True b. False
Which of the following will be reduced during an expansionary monetary policy?
a. the return to saving b. spending c. borrowing d. money supply
Which of the following is not a precondition for price discrimination?
A. The seller must be able to distinguish buyers with different elasticities of demand. B. The good or service cannot be profitably resold by the original buyers. C. The commodity involved must be a durable good. D. The seller must possess some degree of monopoly power.
The In the News article "A Sirius Mistake? FCC Approves XM-Sirius Merger" discusses the merger of two satellite radio companies. In some industries, mergers can be economically justified if economies of scale
A. Act as a barrier to entry. B. Increase the total cost of production. C. Lower the average cost of production. D. Result in more product variety.