A change in which of the following variables does not cause a change in demand?
a. prices of unrelated goods
b. incomes of demanders
c. the number of demanders
d. tastes of demanders
a
You might also like to view...
In the IS curve, if Y increases for any given level of the real interest rate ________
A) consumption increases B) output decreases C) saving decreases D) all of the above E) none of the above
People make mistakes in allocating their time
a. only when leisure time is an inferior good b. because expectations are not always fulfilled c. more often when the cost of making a mistake is high d. only when economists remove the assumption that individuals are rational e. because information is free and readily available
The purpose of a tight money policy is to
A. alleviate recessions. B. raise interest rates and restrict the availability of bank credit. C. run budget surpluses. D. increase investment spending.
Refer to the information provided in Figure 11.1 below to answer the question(s) that follow. Figure 11.1 Refer to Figure 11.1. If the market rate of interest is < 5%, this firm's investment will total
A. $0. B. < $5,000. C. $7,000. D. > $15,000.