A decrease in price of a certain good most likely will lead to
A. an increase in quantity demanded and an increase in the demand for that good.
B. an increase in quantity demanded but no change in the demand for that good.
C. an increase in demand but no change in quantity demanded.
D. no change in demand and no change in quantity demanded.
Answer: B
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Based on the information in the table, how big is the labor force? Population 16 and older1,000,000Participation Rate80%Employed Workers720,000
A. 576,000 B. 1,000,000 C. 800,000 D. 720,000
The Federal Reserve System is divided into
A. 7 districts. B. 5 districts. C. 15 districts. D. 12 districts.
Pieces of property that serve as a store of value are called
A) assets. B) units of account. C) liabilities. D) borrowings.
When the rate of interest in the economy falls, there will be
A) an increase in the market price of existing bonds. B) a decrease in the transaction demand for money. C) less investment by businesses. D) an increase in nominal Gross Domestic Product (GDP).