Say the price of MP3 songs increases. Other things equal the:
A. quantity supply for MP3 songs will decrease.
B. supply for MP3 songs will increase.
C. quantity demanded for MP3 songs will decreases.
D. demand for MP3 songs will decrease.
Answer: C
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The aggregate demand curve will shift to the right ________ the initial decrease in taxes
A) by less than B) by more than C) by the same amount as D) sometimes by more than and other times by less than
Investment decisions are based on the trade-off between the:
A. potential profit that could be generated by investment and the cost of borrowing money to finance the investment. B. interest rate that savers will earn and the interest rate that the borrowers will have to pay. C. future value of the loan and the present value of the loan. D. potential profit that could be generated and the willingness of a lender to make the loan.
During an extended inflationary period, the money rate of interest will usually be
a. lower than the real rate of interest. b. equal to the real rate of interest. c. greater than the real rate of interest. d. inversely related to changes in the inflation rate.
An expansionary fiscal policy can:
(a) Raise the national debt; (b) Decrease the national debt; (c) Have no effect on national debt; (d) None of above.