A(n) ________ is represented by a rightward shift of the demand curve while a(n) ________ is represented by a movement along a given demand curve
A) increase in quantity demanded; increase in demand
B) decrease in demand; decrease in quantity demanded
C) increase in demand; increase in quantity demanded
D) increase in demand; decrease in demand
C
You might also like to view...
What is the primary reason that the highest quintile's share of the national income increased very rapidly over the last 20 years?
A. Poor people are lazy and do not want to work. B. All of our jobs have been shipped overseas. C. Tax cuts on the property owners and high income citizens. D. High cost of health care.
The Great Depression of the 1930s opened the door to the ________ revolution in macroeconomic theory
A) Keynesian B) old classical C) New Keynesian D) New classical
During a period of inflation, the Fed is likely to:
A. sell government securities to banks in order to reduce the amount of loanable funds. B. buy government securities from banks in order to reduce the amount of loanable funds. C. cut the discount rate to increase the affordability of loanable funds. D. cut the required reserve ratio in order to reduce the amount of excess reserves banks have to loan out.
The market price for any good or service sold in a perfectly competitive market is determined by
A. Government regulation. B. Supply and demand. C. The largest firm in the industry. D. Strategic interaction.