The law of demand ensures that a demand curve has a positive slope
a. True
b. False
Indicate whether the statement is true or false
False
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Under a flexible exchange-rate system, an increase in the demand for Japanese yen would cause the U.S. dollar—Japanese yen exchange rate to
A) fall. B) rise. C) remain unchanged, because supply also increases. D) remain unchanged, because the exchange rate is set by the central bank.
Discuss and explain what effect a reduction in the marginal propensity to consume has on the size of the multiplier
What will be an ideal response?
If one job applicant truthfully reveals that they subscribe to an industry publication, the job applicant is
A) using the trade publication as a screening tool. B) using the trade publication as a signaling tool. C) using the trade publication as a form of statistical discrimination. D) using the trade publication for the wrong reasons.
If health care spending is already on the flat-of-the-curve, it may not be possible to buy improved health status by increasing spending. In this situation, the best way to improve health status may be to
a. increase the availability of government health insurance. b. invest in biotechnology to determine the genetic factors that improve health. c. improve life-style decisions by reducing smoking, alcohol consumption, and drug use. d. improve access to medical care. e. improve overall educational attainment so people can better follow the advice from the medical community.