Which of the following will not shift the demand curve for grapefruit?
a. an announcement that eating a grapefruit before every meal will induce weight loss
b. a new technology that cuts the labor time needed to harvest grapefruit
c. an announcement that eating grapefruit causes skin problems
d. a fall in the price of oranges
e. an announcement that the price of grapefruit will increase next week
B
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The finance of government spending through a Treasury sale of bonds which are then purchased by the Fed
A) causes both reserves and the monetary base to rise. B) causes both reserves and the monetary base to decline. C) causes reserves to rise, but the monetary base to decline. D) has no net effect on the monetary base.
Everything else equal, an increase in the supply of loanable funds will
a. lower the interest rate and reduce investment spending b. lower the interest rate and increase investment spending c. increase the demand for funds d. increase the interest rate and reduce investment spending e. increase the interest rate and increase investment spending
A linear, downward-sloping demand curve has a constant elasticity but a changing slope
a. True b. False Indicate whether the statement is true or false
Josiah installed a metal sculpture in his front yard. A negative externality arises if the sculpture a. increases the value of other properties in the neighborhood. b. decreases the value of Josiah's home
c. is visually appealing to Josiah's neighbors. d. creates a safety hazard for neighborhood children.