Which one of the following could account for an increase in the market clearing price of portable power banks?
A) a decrease in demand for portable power banks
B) an increase in supply of portable power banks
C) an increase in supply along with a decrease in demand
D) an increase in demand along with a decrease in supply
Answer: D
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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.
Neo-Keynesians believe that the inverse relationship between rates of unemployment and rates of inflation is causal
Indicate whether the statement is true or false
When the government issues ration coupons, it is an indication that government has prohibited the use of which rationing mechanism?
a. merit b. military service c. family size d. price e. age
Too much spending chasing too few goods is the essence of what type of inflation?
What will be an ideal response?