A "decrease in demand" means that
A) the demand curve has shifted to the left.
B) price has declined and consumers want to purchase more of the good.
C) the demand curve has shifted to the right.
D) the price of the good can be expected to decline, assuming supply stays constant.
A
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The ________, the ________ is the quantity of real GDP supplied
A) higher the price level; greater B) greater the demand for labor; smaller C) lower the price level; greater D) lower aggregate demand; greater E) lower the supply of labor; greater
The method used by the ECB to measure inflation for meeting its objectives:
A. can result in a contractionary monetary policy being used in a country where inflation is already very low. B. is based on wholesale rather than retail prices. C. gives equal weight to each member country. D. gives greater relative weight to smaller countries.
If a business figures out a better way for management to supervise the activities of the rank and file workers, the result would be
A. an increase in supply. B. an increase in the quantity supplied. C. a decrease in supply. D. a decrease in the quantity supplied.
The relative price inelasticity of demand for agricultural products has resulted in:
A. Prices fluctuating more in agriculture than in other industries B. Prices fluctuating less in agriculture than in other industries C. Higher prices for agricultural products D. Lower prices for agricultural products