Because all of his friends stopped exclusively wearing black clothes, Doug wears anything but black clothes. This is known as
A) a negative sum game.
B) collusion.
C) positive market feedback.
D) negative market feedback.
Answer: D
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In a competitive market, when price is below the equilibrium price, there will be pressure for the price to:
A) fall. B) stay the same. C) rise. D) change only if demand and/or supply change.
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the short run would be:
A. P1 and Y2. B. P2 and Y3. C. P3 and Y1. D. P2 and Y2.
Refer to the graph above. Which of the following would shift the investment demand curve from ID 2 to ID 1 ?
A. A falling real interest rate
B. A rising real interest rate
C. Increasing operating costs for capital goods
D. Decreasing operating costs for capital goods
If bank customers decide as a group to pay off their loans and to not take out any new loans, ceteris paribus,
A. The money supply will increase. B. The money supply will decrease. C. Excess reserves will decrease. D. The money multiplier will decrease.