Refer to the figure above. When the supply curve of flash drives is S1 and the demand curve for flash drives is D, what is the shortage in the market when the price is $5?
A) 50 units B) 40 units C) 10 units D) 0 units
D
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When the aggregate demand curve shifts to the right, intersecting the aggregate supply curve on its upward-sloping or vertical segment,
a. demand-pull inflation occurs. b. cost-push inflation occurs. c. stagflation occurs. d. deflation occurs. e. the shift pulls the price level down.
Self-interest could never include benevolence
a. True b. False Indicate whether the statement is true or false
An increase in the real interest rate will:
a. Shift the consumption schedule upward b. Decrease the amount of investment spending c. Shift the investment demand curve to the right d. Shift the investment demand curve to the left b. Decrease the amount of investment spending
From 1990 to 2013, mortality under age 5 has ________ and the literacy rate has ________ in China.
A. decreased; decreased B. increased; increased C. increased; decreased D. decreased; increased