If an increase in consumer incomes causes the demand curve for product Z to shift to the left, then it can be said that product Z is a(n):
a. Inexpensive good
b. Normal good
c. Luxury good
d. Inferior good
d. Inferior good
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If the real interest rate is 4 percent and the inflation rate is 3 percent, then the nominal interest rate is
A) -1 percent. B) 1 percent. C) 3.5 percent. D) 7 percent.
The smaller the typical depositor at a financial institution, the __________ likely that some of the institution's deposits are federally insured and thus the __________ heavily that institution tends to be regulated
A) less; less B) less; more C) more; less D) more; more
With constant returns to scale and factor prices invariant with the amount of factors used, the long-run output expansion path is
A. zero. B. a straight line. C. horizontal. D. U-shaped.
Sellers who conscientiously adhere to an agreement not to compete by lowering the price
What will be an ideal response?