Refer to the graph shown. A sale of shekels by the Israeli government would shift the:
A. demand curve to the left and reduce the price of shekels.
B. supply curve to the left and raise the price of shekels.
C. demand curve to the right and raise the price of shekels.
D. supply curve to the right and reduce the price of shekels.
Answer: D
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Which of the following will result in secular deflation?
A) a one-time rightward shift of the long-run aggregate supply curve B) continuous rightward shifts of the aggregate demand curve C) continuous rightward shifts of the long-run aggregate supply curve D) a one-time rightward shift of the aggregate demand curve
Many people have bemoaned the fact that hand-written personal letters have become largely a thing of the past
They have also noted that the number of emails they receive have increased quite dramatically and can hardly be compared to the volume of letters that they used to receive by mail. Explain in terms of opportunity cost why this might be the case. Explain why junk email is probably more of a problem than traditional junk mail delivered to our mail box.
If the consumption function is given by C = 200 + 0.6YD, then an increase in taxes of 50 units will cause the IS schedule to
a. shift to the right by 75 units.. b. shift to the left by 50 units. c. shift to the left by 75 units. d. shift to the left by 125.
Which of the following is not an example of De Beers Diamonds trying to increase consumer demand?
a. sending the marketing message that a diamond lasts forever b. ads that illustrate that a diamond should remain in the family and not be sold c. informing potential customers about how diamonds lose monetary value over time d. introducing the idea of the diamond engagement ring e. the "spirit ring" as a sign of independence