Which one of the following will cause a movement down along an economy's consumption schedule?
A. An increase in stock prices.
B. A decrease in stock prices.
C. An increase in consumer indebtedness.
D. A decrease in disposable income.
D. A decrease in disposable income.
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One bag of coffee beans is sold for $7 to a cafe that uses it to brew coffee which it sells to customers for a total of $15. A second bag of coffee is sold directly to Joan for $7, who uses it to brew coffee for her family every morning
What is the contribution to GDP from the purchases of coffee beans and coffee? A) $14 B) $29 C) $15 D) $7 E) $22
If the demand for money is Md = 100 +.25Y – 100r and then the increase in money demand rises by 100, the LM curve shifts to the
a. right by 400. b. right by 100. c. left by 200. d. left by 400. e. none of the above.
Is inflation a macroeconomic or a microeconomic question? Why?
What will be an ideal response?
A profit-seeking firm will choose the combination of inputs that maximizes profit, based on the:
A. ratio of each factor of production. B. substitutability of each factor of production. C. local price of each factor of production. D. total productivity of each factor of production.