One of the most famous cartels is OPEC
a. True
b. False
Indicate whether the statement is true or false
True
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All of the following are non-price factors that influence demand except:
A) tastes and preferences. B) quantity supplied. C) income. D) the prices of related goods.
Capital flight shifts the demand for loanable funds to the left
a. True b. False Indicate whether the statement is true or false
The interest-rate effect
a. depends on the idea that increases in interest rates decrease the quantity of goods and services demanded. b. depends on the idea that increases in interest rates decrease the quantity of goods and services supplied. c. is responsible for the downward slope of the money-demand curve. d. is the least important reason, in the case of the United States, for the downward slope of the aggregate-demand curve.
Suppose a change in the stock market makes people feel wealthier, increases consumption, and shifts the aggregate-demand curve right. The change in the stock market must have been
a) an increase in stock prices. b) a decrease in stock prices. c) the stock market has no effect on wealth and consumption. d) no change in stock prices.