The quantity of Blu-Ray players purchased declined in spite of a decline in price. This implies that the
a. supply curve for Blu-Ray players shifted to the left.
b. demand curve for Blu-Ray players shifted to the right.
c. demand curve for Blu-Ray players shifted to the left.
d. supply curve for Blu-Ray players shifted to the right.
c
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If the Fed sells government bonds in the open market, it will cause:
A) a downward movement along the supply curve for reserves. B) a shift of the supply curve for reserves to the left. C) a shift of the supply curve for reserves to the right. D) an upward movement along the supply curve for reserves.
Answer the following statements true (T) or false (F)
1) In peak-load pricing, the capacity decision is made in the short run. 2) In peak-load pricing, the capacity decision is only based on conditions during the peak period. 3) Off-peak demand influences the capacity decision in peak-load pricing. 4) The capacity decision in peak-load pricing is found by setting the peak marginal revenue equal to the long-run marginal cost. 5) In peak-load pricing, the short-run marginal cost is equal to the marginal cost of providing capacity.
Which of the following forms of money is the least liquid?
a. Dollars. b. Checking account deposits. c. Passbook savings. d. Certificates of deposit.
To pay interest to those U.S. residents who hold government bonds, the government must tax other U.S. residents, implying that the more we redistribute income among residents to cover interest payments, the higher the average tax rate will have to be
a. True b. False