The same factors that lead to a change in quantity demanded also cause a change in demand.
a. true
b. false
Ans: b. false
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If deficit spending does not contribute to public investment and crowds out private investment, then
A. Future productive capacity will be enhanced. B. The current generation will bear the total burden of the debt. C. The opportunity cost of the debt will be minimized. D. The rate of economic growth will decline, ceteris paribus.
Which of the following services have experienced declines in relative prices due to productivity increases?
A. Medical services B. Restaurant meals C. Theatrical performances D. Internet access services
For a monopoly to be a natural monopoly,
A. there must be constant returns to scale. B. the long-run average cost curve must continue to increase until it hits the market demand curve. C. economies of scale must be realized at a scale that is small relative to the market. D. economies of scale must be realized at a scale that is close to total demand in the market.
In the recent Global Economic Crisis, the end of cash-out mortgage refinancing caused
A) LM curve to shift to the right. B) LM curve to shift to the left. C) IS curve to shift to the left. D) LM curve to shift to the right.