A rightward shift in the demand curve is called:
a. an increase in income.
b. a decrease in demand.
c. a decrease in output.
d. an increase in demand.
d
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Suppose you borrow $500 from your bank to pay for a guitar. This is an example of
A) direct financing. C) moral hazard. B) indirect financing. D) transaction costs.
The Keynesian short-run aggregate supply curve is horizontal because
A) it represents Say's law. B) it reflects wage and price inflexibility. C) it represents the full employment level of real GDP. D) it reflects the absence of money illusion.
When the nominal interest rate rises, the quantity of money demanded decreases because
A) people will buy fewer goods and hence hold less money. B) the price level also rises and people decrease their demand for money. C) people shift funds from interest-bearing assets into money. D) people shift funds from money holdings to interest-bearing assets.
An economic boom in China is likely to lead to a(n):
a. decrease in U.S. exports and U.S. aggregate demand. b. increase in U.S. exports and U.S. aggregate demand. c. decrease in U.S. imports and U.S. aggregate demand. d. increase in U.S. imports and U.S. aggregate demand.