A rightward shift of a demand curve is called a(n)
a. increase in demand
b. decrease in demand
c. increase in quantity demanded
d. decrease in quantity demanded
e. increase in supply
A
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Which of the following statements is true?
A) Positive economics describes what people ought to do. B) Normative economics describes what people actually do. C) Positive economics generates objective descriptions that can be verified with data. D) Normative economics is free from value judgments, tastes, and preferences of economic agents.
An example of a good that can be used for money that has no intrinsic value is:
A. gold. B. paper dollar bills. C. cigarettes. D. Hershey kisses.
Repeated games often lead to cooperation
Indicate whether the statement is true or false
Which one of the following equations is correct?
A. Total reserves minus excess reserves equals required reserves. B. Excess reserves minus required reserves equals total reserves. C. Required reserves equals excess reserves divided by total reserves. D. Total reserves equals excess reserves divided by required reserves.