The items held constant in the study of economic theory is known as the determinants of demand and the determinants of supply
a. True
b. False
Indicate whether the statement is true or false
True
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In the monetarist view
A. inappropriate monetary policy is a major source of macroeconomic instability. B. adverse aggregate supply shocks are a major source of macroeconomic instability. C. changes in investment spending are a major source of macroeconomic instability. D. the fact that prices and wages are flexible is a major source of macroeconomic instability.
If a Pigovian tax is levied on consumers, the demand curve will shift:
A. straight up, decreasing quantity. B. straight down, decreasing quantity. C. straight down, increasing quantity. D. straight up, increasing quantity.
If the price elasticity of demand for shelled, roasted, unsalted peanuts is 0.86 at current prices, a small increase in price will raise producers' total revenue
Indicate whether the statement is true or false
What was the consequence of the United States putting an anti-dumping tax on flat panel displays?
a. It created a trade war with other countries. b. It protected buyers from paying a low price for flat panels display. c. It increased employment in the United States. d. It drove the laptop manufacturing industry out of the United States.