According to the misperceptions theory, an unanticipated decrease in the money supply shifts the AD curve ________, causing output to ________ in the short run
A) up and to the right; rise
B) up and to the right; fall
C) down and to the left; rise
D) down and to the left; fall
D
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Customer discrimination against black investment advisers ________ the salaries of black investment advisors and ________ the number of black investment advisers
A) decreases; decreases B) decreases; does not change C) does not change; decreases D) does not change; does not change
There is evidence that the exchange-rate pass-through effect to import prices has been declining in developed economies, especially for the United States
Indicate whether the statement is true or false
The effect of a change in the price of tea on the quantity of coffee demanded is measured by the
a. price elasticity of demand b. substitute elasticity of demand c. cross-price elasticity of demand d. income elasticity of demand e. alternative elasticity of demand
Using proper economic terminology, describe why Mexican restaurants often provide chips and salsa for free to their customers