To derive the demand curve for good X, all the following are constant EXCEPT
A. tastes and preferences.
B. the price of good Y.
C. income.
D. the price of good X.
Answer: D
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The purchase of government bonds by the Fed leads to a(n)
A) increase in the demand of bonds and a decrease in the price of bonds. B) increase in the supply of bonds and a decrease in bond prices. C) decrease in the demand of bonds and an increase in the price of bonds. D) decrease in the supply of bonds and an increase in bond prices.
In 2015, Hooverville consumed 205,000 tons of sugar. In 2016, sugar consumption rose to 245,000 tons. Calculate the percentage change in sugar consumption
A) 8.37% B) 11.95% C) 19.51% D) 26.33%
Borrowing VCU3 from an online company cause the nation's:
a. M2 money supply to rise. b. M2 money supply to fall. c. M2 money multiplier to fall. d. Monetary base to remain the same.
Suppose the market for nursing services in a local community is so dominated by a single community hospital that for all practical purposes it is considered a monopsony. Using the diagram below, answer the question.
What is the equilibrium wage and level of employment under monopsony? a. W0 and E0 b. W2 and E0 c. W1 and E1 d. W0 and E1