Darren loves to go to the movies, and he just learned that he can buy a ticket at a discounted price using his student ID. Darren now attends movies even more often. The change in Darren's behavior would be shown graphically by a:
A. rightward shift in his demand curve.
B. leftward shift in his demand curve.
C. movement down along his demand curve.
D. movement up along his demand curve.
C. movement down along his demand curve.
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The economist who proposed that, "Inflation is always and everywhere a monetary phenomenon" was
A) John Maynard Keynes. B) John R. Hicks. C) Milton Friedman. D) Franco Modigliani.
Refer to Scenario 17.3. If there is no insurance and no fire protection program in place, the expected loss from fire for this company is
A) $0. B) $300. C) $3,000. D) $6,000. E) $300,000.
Which of the following is true?
A. Japan has a high export ratio. B. Ireland has a low export ratio. C. The European nations tend to have lower export ratios. D. The United States has a very low export ratio.
A situation in which output decreases while prices increase is often referred to as:
A. inflation. B. negative economic growth. C. a recession. D. stagflation.