A rightward shift of the entire demand curve
A. might be due to a decline in income if it is a normal good.
B. might be due to an increase in income if it is an inferior good.
C. might be due to a tax increase on the product.
D. might be due to an increase in population.
D. might be due to an increase in population.
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A direct or positive relationship between price and quantity supplied is
A) the market clearing price. B) a change in demand. C) a supply curve. D) a demand curve.
The public debt is the:
a. Difference between current government expenditures and revenues b. Total of all past deficits minus all past surpluses c. Ratio of all past deficits to all past surpluses d. Amount of U.S. paper currency in circulation
Describe the basic features of a commercial bank’s balance sheet.
What will be an ideal response?
In developing economies, the fraction of the economy in non-market transactions can be as much as
A. 50 percent. B. 25 percent. C. 75 percent. D. 10 percent.