Which of the following is not held constant when moving along a product's demand curve?
a. The price of the product itself
b. The expected price of the product in the near future.
c. Income.
d. Prices of complementary goods.
e. Prices of substitutes.
a
You might also like to view...
If a society uses the market system, only markets are available to solve all of its problems.
Answer the following statement true (T) or false (F)
The sale of bonds
a. and stocks to raise money is called debt finance. b. and stocks to raise money is called equity finance. c. to raise money is called debt finance, while the sale of stocks to raise funds is called equity finance. d. to raise money is called equity finance, while the sale of stocks to raise funds is called debt finance.
In comparing GDP data over a period of years, a difference between nominal and real GDP may arise because:
A. changes in trade deficits and surpluses. B. the length of the workweek has declined historically. C. the price level may change over time. D. depreciation may be greater or smaller than gross investment.
Real money demand in the economy is given by L = 0.3Y - 600i,where Y is real income and i is the nominal interest rate. In equilibrium, real money demand L equals real money supply M/P. Suppose that Y equals 2000 and the real interest rate is 5%.(a)At what rate of inflation is seignorage maximized?(b)What is the maximum amount of seignorage revenue?
What will be an ideal response?