A movement along the demand curve to the right may be caused by a(n)
A. rise in the price of inputs.
B. decrease in income.
C. increase in supply.
D. fall in the number of substitute goods.
Answer: C
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Microeconomics approaches the study of economics from the viewpoint of:
a. individual or specific markets. b. the national economy. c. government units. d. economywide markets.
The federal budget deficit: a. becomes less prominent during and after each recession
b. forces the government to issue Treasury bonds. c. decreases the growth rate of the U.S. GDP. d. is common when total federal revenue exceeds total federal outlay.
If a manager cannot use his management team to deliver a product profitability to the marketplace, a solution for the board of directors might be to
A. let the manager have more time to figure things out. B. increase bonuses for the current management. C. fire the manager and reorganize the company. D. shut down the operations of the company.
In the Great Recession of 2007-2009, the stock market values shrank, causing a reverse ________.
A. interest-rate effect B. wealth effect C. real-balances effect D. expectations effect