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.
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 curve reflects the marginal ______.
a. cost to sellers b. cost to buyers c. tax rate d. subsidy rate
The supply of real GDP is a function of...
What will be an ideal response?