Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for blu-ray discs. Which panel best describes what happens in this market if there is a substantial increase in the price of blu-ray players?
A) Panel (a) B) Panel (b) C) Panel (c) D) Panel (d)
D
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Empiricism refers to using ________ to analyze the world
A) data B) beliefs C) traditions D) value judgments
In 1931, the first major country to abandon the gold standard — in order to increase its policy options in face of the Great Depression — was
A) Germany. B) France. C) Great Britain. D) the United States.
Applying Coase's theorem, if the cost to you from having the airplane seat in front of you reclined is ________ the benefit to the reclining passenger, you should ________
A) greater than; request a payment from the reclining passenger B) less than; request a payment from the reclining passenger C) greater than; make a payment to the reclining passenger D) less than; make a payment to the reclining passenger
The primary indicator of the Fed's stance on monetary policy is
A) the discount rate. B) the federal funds rate. C) the growth rate of the monetary base. D) the growth rate of M2.