Which one of the following will shift the investment demand curve leftward?
A. a technological breakthrough
B. higher tax rates
C. optimistic business expectations
D. a lower rate of capacity utilization
Answer: B
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The "quantity equation" states that nominal GDP is equal by the definition of velocity to the money supply ________ velocity
A) plus B) minus C) multiplied by D) divided by
In a modern dynamic economy such as the United States, full employment generally means
a. cyclical unemployment is present. b. everyone (excluding teenagers) that would like to work is employed. c. approximately 95 percent of the labor force is employed. d. 100 percent of the labor force is either working or seeking work.
When ordinarily-neat people tend to litter in areas that are covered with graffiti, they illustrate the:
A. Planning fallacy B. Framing effect C. Confirmation bias D. Availability heuristic
A monopolist ________ if it chooses to sell fewer units of output.
A. can set its price wherever it desires B. can increase the price C. must decrease the price D. cannot change the price