Consider a demand curve for peaches. Which of the following movements will be observed if the price of peaches decline at a point in time?
a. The demand curve will rotate inward at the given price level.
b. The will be a movement up along the demand curve.
c. The demand curve will rotate outward at the given price level.
d. There will be a downward movement along the demand curve.
e. The demand curve will become steeper.
d
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The equilibrium quantity in the above figure is
A) 200 units. B) 300 units. C) 400 units. D) 600 units.
Which of the following would shift the aggregate demand curve to the left?
a. increases in government purchases, investment spending, autonomous consumption, taxes or the money supply b. decreases in government purchases, investment spending, autonomous consumption, or the money supply c. increases in government purchases, investment spending, autonomous consumption or the money supply d. decreases in government purchases, investment spending, autonomous consumption, taxes or an increase in the money supply e. only increases in government purchases
Other things equal, if the wage rates paid to a firm's labor inputs were to rise, we would expect the:
A. AFC and ATC to fall. B. AFC, AVC, ATC, and MC to rise. C. AVC, ATC, and MC to rise. D. MP to fall.
Which of the following statements would you say best reflects monetary policy?
A. It is a hard and fast science. B. It is a lot like gambling because the outcomes are most of the time uncertain. C. Its impact is impossible to predict. D. There is certainly some science involved, a lot of understanding that is needed, but a lot of uncertainty still remains.