A move from I to L best represents a
A. change in quantity demanded.
B. change in demand.
C. increase in demand.
D. decrease in demand.
A. change in quantity demanded.
You might also like to view...
The ________ system of currency exchange was set up in 1944
A) managed float B) flexible C) gold standard D) Bretton Woods
Assume that the central bank purchases government securities in the open market. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the quantity of real loanable funds per time period and real GDP in the context of the Three-Sector-Model?
a. The quantity of real loanable funds per time period falls, and real GDP falls. b. The quantity of real loanable funds per time period and real GDP remain the same. c. There is not enough information to determine what happens to these two macroeconomic variables. d. The quantity of real loanable funds per time period rises, and real GDP remains the same. e. The quantity of real loanable funds per time period rises, and real GDP rises.
What happens when network externalities are present?
a. The usefulness of telecommunications equipment rises. b. The usefulness of networks diminishes with the number of consumers who enter them. c. The usefulness of a product increases with the number of consumers who use it. d. The usefulness of a product decreases as the number of products rises.
Farm price support programs have other costs besides the amount paid to farmers, and these costs include the following, except:
A. Rent-seeking activities by consumers B. Rent-seeking activities by farmers C. Administrative costs D. Environmental costs