Which of the following could cause the market demand curve for hot dogs to shift to the left?
a. an increase in the price of hot dogs
b. a decrease in the price of hamburgers
c. an increase in the size of the population
d. an increase in the price of hot dog buns or rolls
e. an increase in the price of mustard
D
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The policy irrelevance proposition states that
A) only relatively large expected changes in monetary policy impact the economy. B) anticipated changes in monetary policy are ineffective in changing real GDP. C) only statements from the White House have impact on the economy. D) in the short run unanticipated changes in monetary policy are ineffective in changing real GDP.
A depreciation of the U.S. dollar on the foreign exchange market will
a. make U.S. exports cheaper to foreigners. b. make imports less expensive for U.S. consumers. c. make U.S. exports more expensive for foreign consumers. d. probably cause the United States to run a capital account surplus in the long run.
Centerville has 200 unemployed people. Of these 200 people, 35 are unemployed for two weeks before finding a new job, 55 are unemployed for four weeks before finding a new job, 30 are unemployed for six weeks before finding a new job, 15 are unemployed for 10 weeks before finding a new job, and 65 are unemployed for 15 weeks before finding a new job. Approximately what is the average spell of unemployment in Centerville?
A. 2 weeks B. 14 weeks C. 8 weeks D. 11 weeks E. 5 weeks
In reading the national business news, you hear that mortgage rates increased by 50 basis points. If mortgage rates were initially at 6.5%, what are they after this increase?
A. 11.5% B. 7.0% C. 56.5% D. 6.55%