If the price of automobiles were to increase substantially, the demand curve for automobiles would most likely
A) shift rightward.
B) shift leftward.
C) remain unchanged.
D) become steeper.
C
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Fairness legislation protects all workers from unfairly being fired
Indicate whether the statement is true or false
If policy makers do nothing in a recessionary gap, the most likely outcome is a
a. drop in the inflation rate and a rise in the unemployment rate. b. drop in the inflation rate and a drop in the unemployment rate. c. rise in the inflation rate and a drop in the unemployment rate. d. rise in the inflation rate and a rise in the unemployment rate.
Use the following diagrams to answer the next question.
Assume the economy is on aggregate demand AD4. The Fed should ________.
A. move from MS1 to MS2 to lower interest rate and lower investment. B. move from MS1 to MS2 to lower interest rate and increase investment. C. move from MS1 to MS3 to raise interest rate and lower investment. D. move from MS1 to MS3 to raise interest rate and raise investment.
If a firm suffers an economic loss, its:
A. price is less than its marginal cost. B. price is less than its marginal revenue. C. price is less than its average total cost. D. None of these