A decrease in the price of bubble gum below equilibrium will
A. Shift the bubble gum demand curve to the right.
B. Cause a shortage of bubble gum.
C. Cause a surplus of bubble gum.
D. Shift the bubble gum supply curve to the right.
Answer: B
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According to Hughes and Cain (2011), today's growth in white-collar jobs is fueled by investments in education and does not depend on apprentice-style training or land holdings
Indicate whether the statement is true or false
If we assume that velocity is constant, and if the money supply increases by 6 percent, we would expect, ceteris paribus, that the price level would
A) increase by 3 percent. B) increase by 6 percent. C) decrease by 3 percent. D) decrease by 6 percent.
Population growth generally
What will be an ideal response?
Refer to the above figure. A movement from B to D would be a result of
A. an increase in labor productivity. B. an increase in government expenditures. C. an increase in the marginal income tax rate. D. an increase in the quantity of money in circulation.