A negative demand shock would lead to a decline in both the price level and output in the short run
a. True
b. False
A
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During most of the 1980s, 1990s, and 2000s the U.S. has had a ________ current account balance and a ________ capital and financial account balance
A) positive; positive B) positive; negative C) negative; positive D) negative; negative
Goods X and Y are substitutes. If the price of good Y falls, the marginal revenue product of good X
A) will not change. B) will shift out. C) will become more inelastic. D) will shift in.
Which of the following would not be considered price discrimination?
a. setting separate rates for residential and commercial uses of electricity b. giving a senior citizen discount at restaurants c. renting recently released videos at a higher price than the old classic videos d. giving children a discount at the movies e. giving students a discount on ski lift tickets
Which of the following methods of picking stocks is not consistent with fundamental analysis?
a. doing research such as thoroughly reading and analyzing companies' annual reports b. choosing mutual funds that are managed by individuals with good reputations c. viewing individual stock prices as unpredictable d. relying upon the advice of Wall Street analysts