One piece of evidence that business fluctuations are caused by demand-side changes would be that
a. monetary and fiscal policy will move inversely.
b. interest rates and budget deficits will move inversely.
c. unemployment and inflation will move inversely.
d. unemployment and budget deficits will move inversely.
c
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A supply curve slopes upward because quantity supplied is higher when price is higher.
Answer the following statement true (T) or false (F)
Which of the following pairs of goods is likely to be considered substitutes?
A) A Nokia cell phone and a Nokia cell phone charger B) Coffee and sugar C) Printers and printing ink D) A Ford car and public transportation
Government intervention can be productive and efficiency enhancing:
A. because the government always acts with altruistic motives. B. in markets for public goods and common resources. C. whenever it regulates a market. D. except in markets for public goods.
Refer to the graph shown.
If suppliers can reduce output from M to L, consumer surplus is reduced by area(s):
A. A, B, and D. B. B and D. C. A and B. D. A.