Fears of an impending civil war in Baltonia have reduced the confidence of potential investors. Assuming all else equal, which of the following is likely to happen in this case?
A) The consumption expenditure in Baltonia will rise.
B) The equilibrium real wage in Baltonia will rise.
C) The supply of labor in Baltonia will fall.
D) The demand for labor in Baltonia will fall.
D
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According to the quantity theory of money, a 10 percent increase in the quantity of money ultimately leads to a 10 percent increase in
A) real national income. B) real GDP. C) the price level. D) velocity.
Which of the following is NOT part of the European Union?
A) Luxembourg B) Austria C) Portugal D) Greece E) Switzerland
The marginal social benefit curve for water quality slopes downward because
a. the total benefit from clean water decreases as water becomes cleaner b. the added benefit from cleaner water is greater when water quality is poor than when water quality is high c. the added benefit from cleaner water is smaller when water quality is poor than when water quality is high d. the total benefit from clean water increases as water becomes cleaner e. people demand clean water at any price
A decrease in demand and an increase in supply are indicated by a. Upward shifts in both curves
b. Downward shifts in both curves. c. Rightward shifts in both curves. d. Leftward shifts in both curves.