The effect of a decrease in the price of personal computers, other things constant, is likely to be best represented by which of the following?
a. a leftward shift of the demand curve
b. a movement leftward along the demand curve
c. a rightward shift of the demand curve
d. a movement rightward along the demand curve
e. a rightward shift of the supply curve
D
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The first act to declare monopolies illegal in the United States was the
a. Sherman Antitrust Act. b. Clayton Act. c. Federal Trade Commission Act. d. Robinson-Patman Act.
The US had a nominal GDP of 10.3 trillion dollars in 2000. If the US great at an average rate of 3.0 % per year then its compounded GDP at the end of 2015 would have been:
A. 14.7 Tr. B. 16.0 Tr. C. 16.3 Tr. D. 15.6 Tr.
To predict the effects of a tax cut on consumption spending, economists must have some estimate of the
a. income effect. b. substitution effect. c. relative price effect. d. marginal propensity to consume.
All of the following are depository institutions, except:
A. insurance companies. B. savings banks. C. credit unions. D. commercial banks.