Public service announcements, mandatory health warnings on cigarette packages, and the prohibition of cigarette advertising on television are all policies aimed at shifting the demand curve for cigarettes to the right
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following best describes the cause-and-effect chain of an expansionary monetary policy?
A. An increase in the money supply will lower the interest rate, increase investment spending, and increase aggregate demand and GDP. B. A decrease in the money supply will raise the interest rate, decrease investment spending, and decrease aggregate demand and GDP. C. A decrease in the money supply will lower the interest rate, increase investment spending, and increase aggregate demand and GDP. D. An increase in the money supply will raise the interest rate, decrease investment spending, and decrease aggregate demand and GDP.
The marginal propensity to save is
A) real consumption/real disposable income. B) change in real saving/change in real disposable income. C) change in real consumption/change in real disposable income. D) real saving/real disposable income.
Demand curves are negatively sloped when people buy:
a. less as the price decreases. b. more as the price increases. c. the same amount as the price changes. d. more as the price decreases. e. less as incomes decrease.
Shirley can choose between peanut butter pretzels and caramel coated popcorn for her evening snack. According to economists, her _____ cost of consuming caramel coated popcorn would be the forgone peanut butter pretzels
a. internal b. opportunity c. average d. transaction e. social