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Author Question: An expected increase in the future price of automobiles will lead to A) an outward shift in ... (Read 99 times)

mmm

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on: Jun 29, 2018
An expected increase in the future price of automobiles will lead to
 
  A) an outward shift in demand for automobiles today.
  B) a reduction in the demand for gasoline today.
  C) a movement down the demand schedule for automobiles.
  D) no predictable impact on today's demand for automobiles.

Question 2

An assumption of the classical model is that
 
  A) money illusion is widespread.
  B) people make decisions based on nominal prices rather than real prices.
  C) prices are flexible while wages are inflexible.
  D) people are motivated by self-interest.


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triiciiaa

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


mmm

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

upturnedfurball

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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