A decrease in supply means that:
A. the supply curve will shift to the right.
B. there is a movement upward and to the right along the supply curve.
C. there is a movement down and to the left along the supply curve.
D. the quantity supplied at every price will decrease.
Answer: D
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A decrease in income ________
A) lowers money demand for any given interest rate B) lowers interest rates ceteris paribus C) leads to a leftward shift of the money demand curve D) all of the above E) none of the above
Within a game theory model, if a change in decision-making raises corporation A's profits by $50 and lowers corporation B's profits by $60, the game is a
A) negative-sum game. B) zero-sum game. C) positive-sum game. D) cooperative game.
In 2010, dissenters were worried that the effects of policies to reduce unemployment would create
a. the conditions for higher long-term inflation. b. the conditions for a more horizontal Phillips curve. c. conditions for higher long-term unemployment. d. conditions for larger budget surpluses and, thus, higher interest rates.
While some economists argue that population growth reduces __________ ?growth, others contend that the opposite is true. The latter economists consequently believe that immigration should be encouraged rather than discouraged.
Fill in the blank(s) with the appropriate word(s).