The price of dog collars has gone down, and all other variables have remained constant. This change can be shown graphically as a:
A. shift in the demand curve to the right.
B. shift in the demand curve to the left.
C. movement along the demand curve to the right.
D. movement along the demand curve to the left.
C. movement along the demand curve to the right.
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The government imposes a sales tax on hot dogs. The tax would be paid entirely by hot dog sellers if the
A) supply is perfectly elastic. B) supply is perfectly inelastic. C) demand is perfectly inelastic. D) none of the above.
For each Phillips curve, there
a. is no relationship between the short run aggregate supply curve. b. is many short run aggregate supply curves. c. is a unique long run aggregate supply curve. d. is a unique short run aggregate supply curve.
Discounting or computing present value is a way of comparing dollar values that will appear at different points in time
a. True b. False Indicate whether the statement is true or false
If exchange rates end up in the right ranges, the free market will drive each country to shift resources into those sectors in which it enjoys a comparative advantage.
Answer the following statement true (T) or false (F)