Author Question: Which of the following is likely to cause the demand curve for cars to shift to the left? A) A ... (Read 108 times)

Starlight

  • Hero Member
  • *****
  • Posts: 567
Which of the following is likely to cause the demand curve for cars to shift to the left?
 
  A) A rise in the price of gasoline
  B) A rise in the price of cars
  C) An increase in the economy's national income
  D) An increase in the cost of production leading to an increase in the price of cars

Question 2

The open economy effect refers to the fact that
 
  A) the position and shape of the long run aggregate supply curve is partially due to the fact that we import goods.
  B) the slope of the aggregate demand curve is partially explained by the reduction in the desire to buy fewer U.S. goods by U.S. residents and foreign residents as a result of a higher price level.
  C) the immigration policies of the United States are disruptive to labor markets.
  D) the aggregate supply curve shifts when the economy grows.


todom5090

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

For a complete list of videos, visit our video library