A rising GDP causes __________ the money demand curve
A) downward movement along
B) upward movement along
C) a rightward shift of
D) a leftward shift of
C
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If a middle-eastern war reduced the quantity of crude petroleum available for export to Japan and the United States by 40%, and the U.S. government responded by imposing price ceilings on petroleum,
A) more petroleum would be available for Japanese users. B) the demand for crude petroleum in the U.S. would increase. C) the demand for natural gas in the U.S. would decline. D) the price of petroleum would rise even higher in Japan. E) all of the above would be likely to result.
Most employees ________ pay taxes on the value of health insurance provided by employers, and most people ________ get a tax break when buying individual health insurance policies
A) do; do B) do not; do not C) do not; do D) do; do not
If the price of a good falls, the marginal utility per dollar spent on that good
a. also falls b. stays the same c. rises d. will rise or fall, depending on the consumer e. remains unchanged, provided the consumer buys no more of the good
Refer to the graphs above. Which of the following best represents a positive demand shock when prices are flexible?
A.
The shift from D2 to D3 in graph B
B.
The shift from D2 to D3 in graph A
C.
The shift from D2 to D1 in graph B
D.
The shift from D2 to D1 in graph A