If buyers today become more willing and able than before to purchase larger quantities of stand up paddle boards (SUPs) at each price of SUPs, then
a. we will observe a movement downward and to the right along the demand curve for SUPs.
b. we will observe a movement upward and to the left along the demand curve for SUPs.
c. the demand curve for SUPs will shift to the right.
d. the demand curve for SUPs will shift to the left.
c
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Which of the three central concepts in macroeconomics is cited in the textbook as being linked to crime, mental illness, and suicide?
A) the inflation rate B) the unemployment rate C) productivity growth D) None of the above is cited as being linked to these events.
Pamela's bakery produces 500 loaves of bread in a given year. Pamela pays $100 for flour and yeast, pays $600 in wages, pays $50 in interest on an existing loan, and pays $100 in taxes to the government
One of Pamela's bread slicing machines, which cost $75 each, wears out over the course of the year and must be scrapped. Pamela's profit for the year equals $75. Pamela's bread, therefore, sells for A) $0.50 per loaf. B) $1.00 per loaf. C) $2.00 per loaf. D) cannot tell, insufficient information
The law of demand can be stated as all else equal:
A. quantity demanded rises as price falls. B. quantity demanded rises as price rises. C. quantity demanded rises as income rises. D. demand rises as price falls.
Contractionary monetary policy:
a) shifts the aggregate demand curve to the left. b) shifts the aggregate demand curve to the right. c) does not shift the aggregate demand curve. d) shifts the aggregate demand curve to the left and then back to the right.