Over the past several years, consumers have had an increasing interest in getting a tattoo. This means that the ________ for tattoos has ________.
A) demand; increased
B) quantity demanded; increased
C) quantity demanded; decreased
D) demand; decreased
A) demand; increased
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In order to reduce or eliminate a chronic shortage in the market for a currency under a fixed exchange rate system, we must devalue the currency
Indicate whether the statement is true or false
In the aggregate expenditure (AE) model, the economy is driven to its equilibrium by changes in
A) autonomous expenditures that are the result of changes in real GDP. B) investment that are the result of changes in real GDP. C) induced expenditures that are the result of changes in real GDP. D) net taxes that are the result of changes in real GDP. E) government expenditures on goods and services that are the result of changes in real GDP.
Where it can function, a market for pollution rights can serve to internalize the air-pollution externality
Indicate whether the statement is true or false
Which statement is true?
A. Open market operations are seldom conducted any more. B. The basic way the Fed controls the money supply is by manipulating the discount rate. C. During periods of severe recession, the Fed tries to push up interest rates. D. During periods of severe inflation, the Fed tries to push up interest rates.