Other things equal, a decrease in autonomous consumption shifts the ________ curve to the ________
A) IS; right
B) IS; left
C) LM; left
D) LM; right
B
Economics
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Refer to Figure 15-10. What is the area that represents consumer surplus under a monopoly?
A) the triangle P0P2E B) the trapezium P1P2EF C) the rectangle P1P3HF D) the triangle P0P1F
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The relationship between money and spending is
A) very reliable. B) very unreliable. C) not important. D) None of the above.
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An advance in technology results in:
a. suppliers offering a larger quantity than before at each given price. b. suppliers offering the same quantity as before at a lower price. c. a rightward shift of the supply curve. d. an increase in supply. e. all of these.
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How does free trade relate to the theory of oligopoly?
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