An increase in demand is graphically represented as a
A) rightward shift of the demand curve.
B) leftward shift of the demand curve.
C) movement down and to the right on a demand curve.
D) movement up and to the left on a demand curve.
A
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In a graph of choice sets, a price change causes the slope of budget lines to change.
Answer the following statement true (T) or false (F)
Based on its current rate of growth, health care spending as a percentage of GDP through Medicare, Medicaid, and other U.S. government programs is expected to
A) stabilize within the next 20 years. B) account for a majority of spending as a percentage of GDP within 5 years. C) slow down during this decade. D) double over the next 40 years.
A television report states: "The Federal Reserve will lower the discount rate for the fourth time this year." This report indicates that the Federal Reserve is most likely trying to:
A. Reduce inflation B. Save the banking industry C. Stimulate the economy D. Improve the savings rate
Rent depends on what the potential users of the land are willing to pay for it.
Answer the following statement true (T) or false (F)