Other things being equal, the effects of an increase in the price of computers would best be represented by which of the following?
a. A movement up along the demand curve for computers.
b. A movement down along the demand curve for computers.
c. A leftward shift in the demand curve for computers.
d. A rightward shift in the demand curve for computers.
a
You might also like to view...
The Congressional Budget Office estimates that the additional taxes and fees enacted under the ACA will be enough to pay for the plan and reduce the federal government's budget deficit
Indicate whether the statement is true or false
Consider an economy that has the following monetary data. The monetary base and the money supply are expected to grow at a constant rate of 20% per year. Inflation and expected inflation are 20% per year
Suppose that bank reserves and currency pay no interest, all currency is held by the public, and bank deposits pay no interest. What is the cost to the public of the inflation tax? A) $60 B) $140 C) $190 D) $200
The Keynesian cause-and-effect sequence predicts that an increase in the money supply will cause interest rates to:
a. fall, boosting investment and shifting the AD curve rightward, leading to an increase in real GDP. b. fall, boosting investment and shifting the AD curve rightward, leading to a decrease in real GDP. c. rise, cutting investment and shifting the AD curve rightward, leading to an increase in real GDP. d. rise, boosting investment and shifting the AD curve rightward, leading to an increase in real GDP. e. fall, cutting investment and shifting the AD curve leftward, leading to a decrease in real GDP.
According to research data on welfare, the typical welfare recipient
a. has little ambition and refuses to exert much effort to find employment b. had a criminal record as a teenager c. is found evenly spread out in every geographic area of the United States d. often scores on the lowest levels of literacy tests e. finds it easy to gain high-wage employment