Which of the following will cause a rightward shift of the demand curve?
A. an increase in the expected future price of the good
B. a decrease in the price of the good
C. a decrease in the cost of production
D. all of these
Answer: A
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People hold money as an asset rather than other assets because
A) it holds its value. B) there is no cost to holding money as an asset. C) it grows in value. D) it is highly liquid.
Most LDCs face the problems of low population growth and excessive saving
a. True b. False Indicate whether the statement is true or false
Which of the following statements is true about the economy in the long run?
a. Equilibrium output is below potential GDP and the rate of unemployment exceeds the natural rate. b. Production costs are close to zero in the long run. c. The rate of unemployment is zero in the long run. d. The aggregate demand curve plays no role in determining the equilibrium level of real GDP. e. The aggregate supply curve is a horizontal line.
The table above presents the production possibilities frontier for a nation. Using the information in the table, moving from possibility C to B means that
A) 4 units of capital goods are given up to get 55 units of consumption goods. B) 2 units of capital goods are given up to get 55 additional units of consumption goods. C) 4 units of capital goods are given up to get 10 additional units of consumption goods. D) 4 units of capital goods are given up to get 45 units of consumption goods. E) 2 units of capital goods are given up to get 10 additional units of consumption goods.