Refer to the graphs shown. The market is computers. Which graph best represents the impact of cheaper memory chips on the computer market?
A. Graph a
B. Graph b
C. Graph c
D. Graph d
Answer: D
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Fiscal policy is typically
A. difficult to implement quickly. B. extremely flexible, because most government spending is discretionary. C. hard to implement despite the fact that there are not usually implementation problems. D. extremely flexible provided policy lags are short.
Suppose that a binding rent control law is repealed in San Francisco. As a result, we would expect the total number of units rented in the city to a. increase
b. decrease. c. remain unchanged. d. decrease, then increase.
Karina likes to keep her assets in many forms. She has invested in stocks, purchased some valuable pieces of jewelry, deposited money into a retirement account, and added money to her checking account. Which of Karina’s assets is most liquid?
a. her checking account b. the valuable jewelry c. the stocks d. her retirement account
For a given level of inflation, if there is a greater reluctance by foreigners to purchase domestic goods, then the ________ shifts ________.
A. aggregate demand curve; left B. short-run aggregate supply line; upward C. short-run aggregate supply line; downward D. aggregate demand curve; right