If good X is an inferior good, a decrease in consumer income, other things being equal, will shift the:
a. demand curve for good X to the right. b. demand curve for good X to the left.
c. supply curve for good X to the right. d. supply curve for good X to the left.
a
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When there is a surplus of snowboards, the
A) demand for snowboards is greater than the supply of snowboards. B) supply of snowboards is greater than the demand for snowboards. C) quantity of snowboards demanded is greater than the quantity of snowboards supplied. D) quantity of snowboards supplied is greater than the quantity of snowboards demanded. E) price rises to restore the equilibrium.
Ninth National Bank holds $200 million in checkable deposits and $18,000,000 in total reserves. With a required reserve ratio of 8 percent, how much in excess reserves is Ninth National holding?
A) $1,440,000 B) $218,000,000 C) $17,440,000 D) $16,000,000 E) $2,000,000
Which of the following shifts aggregate demand to the right?
a. a decrease in the money supply b. increases in the profitability of capital due perhaps to technological progress. c. the repeal of an investment tax credit d. a decrease in the price level
What happens if Firm A does not advertise but Firm B does advertise?
a. Firm A makes $125 million in profit while Firm B makes $50 million in profit.
b. Firm A makes $125 million in profit while Firm B makes $100 million in profit.
c. Firm A makes $50 million in profit while Firm B makes $125 million in profit.
d. Firm A makes $100 million in profit while Firm B makes $125 million in profit.