The increase in the price of a good would
A. cause a movement along the demand curve to a (lower price, higher quantity) point.
B. move its demand curve to the left.
C. cause a movement along the demand curve to a (higher price, lower quantity) point.
D. move its demand curve to the right.
Answer: C
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Which of the following would not cause the demand curve for peaches to shift?
a. an increase in the price of apricots b. a decrease in the price of nectarines c. an increase in the price of peaches d. a change in preferences for peaches e. a decrease in the income of peach buyers
Which of the following is the significance of a country's price index? a. It helps in measuring changes in the nominal interest rate in a country
b. It helps in measuring the total disposable income of a country. c. It helps in determining a country's real GDP each year. d. It helps in measuring changes in the prices of only luxury goods. e. It helps in measuring the demand for goods and services exported by a country.
People who often create benefits for the minority and impose the cost on the majority are called:
a. laissez-faire groups. b. fair-interest groups. c. special-interest groups. d. encounter groups.
Based on the table, the increase in government purchases changes aggregate demand ______.
a. less than the combined changes in consumption purchases
b. more than the combined changes in consumption purchases
c. the same amount as the combined changes in consumption purchases
d. the same amount as the first individual round of consumption purchases