Which of the following would cause a fall in the price of video tape rentals?
a. A new nationwide video rental chain opens.
b. Movie theaters raise their prices.
c. The royalties paid to movie actors increase.
d. The price of video cassette recorders (VCRs) falls.
a. A new nationwide video rental chain opens.
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The short-run simulative effect of a government budget deficit on real GDP is stronger with ________ financing, since this ________ the crowding out effect of the deficit
A) bond, enhances B) bond, eliminates C) money, enhances D) money, eliminates
Use the above figure. Which graph depicts substitute goods?
A) A B) B C) C D) D
The experience of the 1930s indicates that substantial tax increases during a severe recession will result in
What will be an ideal response?
Unemployment was particularly high during
A. The Korean War. B. The 1980s. C. The Great Depression. D. World War II.