Which of the following changes would not shift the demand curve for a good or service?
a. a change in income
b. a change in the price of the good or service
c. a change in expectations about the future price of the good or service
d. a change in the price of a related good or service
b
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Which of the following would lead to a rightward shift in the demand curve for golf balls?
a. An increase in the price of golf clubs b. A decrease in the popularity of golf c. An increase in the number of golfers d. A decrease in the price of golf balls e. An increase in the golf club membership fee
Why is it possible that the economy will not self-correct out of a recessionary gap?
By holding so much in foreign currency reserves, China is risking
A. A default on its bonds. B. Deflation. C. Inflation. D. Recession.
An economy in which people exchange goods and services in a market is called a:
A. socialist economy. B. market economy. C. centrally planned economy. D. command economy.