If the government wished to shift aggregate demand to the right, it might:
A. increase government spending.
B. increase income taxes.
C. pressure the Fed to decrease the money supply.
D. Any of these things might cause aggregate demand to shift to the right.
A. increase government spending.
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Using the information in Table 6.2, the Astro Consumer Price Index for 2014 is
A) 24. B) 100. C) 124. D) 189.
If the supply curve does not shift, an increase in demand results in a(n)
a. increase in equilibrium price and a decrease in equilibrium quantity b. decrease in equilibrium price and a decrease in equilibrium quantity c. increase in equilibrium price and an increase in equilibrium quantity d. decrease in equilibrium price and an increase in equilibrium quantity e. increase in supply
The first step in forming a corporation is to
a. find a large number of partners b. take out a business loan c. obtain a charter from the state government d. hire more staff e. pay dividends to stockholders
Consumer surplus is represented graphically under the demand curve and below the equilibrium price.
Answer the following statement true (T) or false (F)