Which of the following would likely cause aggregate demand to shift to the left?
A. Decreased income taxes
B. Increased government spending
C. Decreased consumer confidence
D. increase in investors' confidence.
Answer: C
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When a monopoly price discriminates, it
A) increases the amount of consumer surplus. B) decreases its economic profit. C) converts consumer surplus into economic profit. D) converts economic profit into consumer surplus. E) has no effect on the deadweight loss in the market.
Suppose the demand for meals at a medium-priced restaurant is elastic. If the management of the restaurant is considering raising prices, it can expect a relatively:
A) large decrease in quantity demanded. B) large decrease in demand. C) small decrease in quantity demanded. D) small decrease in demand.
Examples of Fed actions that could decrease money supply are making open market
a. purchases, increasing the required reserve ratio, and increasing the discount rate b. sales, decreasing the required reserve ratio, and increasing the discount rate c. sales, increasing the required reserve ratio, and decreasing the discount rate d. sales, increasing the required reserve ratio, and increasing the discount rate e. purchases, decreasing the required reserve ratio, and decreasing the discount rate
A regulatory budget would
A. provide an accounting of government regulation. B. be difficult to compute. C. have to be attempted unofficially. D. all of these answer options are correct.