If a change in tastes is in favor of a commodity, that will mean a:
a. Movement down the demand curve
b. Movement up the demand curve
c. Shift in the whole demand curve to the left
d. Shift in the whole demand curve to the right
d. Shift in the whole demand curve to the right
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Oil price hikes
A) decrease aggregate supply. B) decrease aggregate demand. C) increase aggregate supply. D) increase aggregate demand. E) increase potential GDP.
The horizontal summation of all individual demands at different given prices results in the
a. market supply curve b. individual supply curve c. individual demand curve d. equilibrium demand and supply curves e. market demand curve
In recent years the U.S. banking structure has changed in such a way that there are now:
A. fewer branches. B. fewer banks but more branches. C. fewer banks and fewer banks with branches. D. more banks.
Every good that the government provides is an example of a public good.
Answer the following statement true (T) or false (F)