Price decreases will ________ a household's choice set.
A. decrease
B. increase
C. not change
D. sometimes increase and other times decrease
Answer: B
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An example of a government-based approach to improve the quality of information in financial markets is ________
A) financial news networks B) mandatory disclosures C) government-directed credit D) government safety nets
How will a decrease in price affect a firm's revenues?
A) It depends on the price elasticity of demand. B) Revenues will stay the same. C) Revenues will decrease. D) Revenues will increase.
A major computer software company maintains a technical support center in a rural area and is the only employer in this region. Suppose the local labor supply curve shifts leftward due to net migration of workers from the area
What happens to the equilibrium outcome in this labor market? A) Labor demand shifts rightward, equilibrium wage and employment levels decline B) Labor demand shifts rightward, equilibrium wage and employment levels increase C) Labor demand curve remains the same, equilibrium wage and employment levels increase D) Labor demand curve remains the same, equilibrium wage increases, and employment declines
If the stock market crashes, then
a. aggregate demand decreases, which the Fed could offset by purchasing bonds. b. aggregate demand decreases, which the Fed could offset by selling bonds. c. aggregate demand increases, which the Fed could offset by selling bonds. d. aggregate demand increases, which the Fed could offset by purchasing the money supply.