Which of the following will NOT cause a shift in the demand for rewriteable DVDs?
A) a change in taste
B) a change in income
C) a change in the price of rewriteable DVDs
D) a change in the price of rewriteable CDs
C
You might also like to view...
Your roommate is having trouble grasping how monetary policy works. Which of the following explanations could you use to correctly describe the mechanism by which the Fed can affect the economy through monetary policy? Increasing the money supply
A) causes people to spend more because they know prices will rise in the future. B) lowers the interest rate, raises the value of the dollar, lowers the prices of exports, and raises net exports. C) lowers the interest rate, and firms increase investment spending. D) raises the interest rate and consumers decrease spending on durable goods.
Monetarists contend that an expansionary monetary policy will lead to a rise in the interest rate because __________ and the __________ effect will raise interest rates by more than the initial __________ effect lowers it
A) inflationary expectations; income; liquidity B) inflationary expectations; liquidity; income C) deflationary expectations; income; liquidity D) deflationary expectations; liquidity; income
Under the Articles of Confederation, the Continental Congress permitted each state to issue paper money and borrow on their own to finance expenses related to the American Revolution
Indicate whether the statement is true or false
If the MPC = 0.75 for a particular person this means that:
A. they will spend 75 cents of each new dollar they get. B. if they receive $1 they want to spend roughly 75%, but probably won’t do so. C. they will spend 25 cents of the $1 and save 75 cents. D. if they receive $1 then they want to spend 25% of it.