If the demand for digital cameras increases when consumers' income rise, then digital cameras are
A) a normal good.
B) an inferior good.
C) a substitute good for video cameras.
D) a complement to video cameras.
A
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If people attempt to sell bonds because of excess money demand, then the interest rate will:
a. rise. b. fall. c. remain unchanged d. react unpredictably.
The supply curve reflects the marginal ______.
a. cost to sellers b. cost to buyers c. tax rate d. subsidy rate
Assume that the government tries to reduce unemployment by increasing government spending. Which of the following unwelcome effects is not a side effect of this measure?
a. Lower overall (private plus government) borrowing in the real credit market b. Rising budget deficits. c. Increased real risk-free interest rate d. Higher inflation rates. e. Crowding out.
The supply of real GDP is a function of...
What will be an ideal response?