Author Question: Which of the following is likely to cause the demand curve for cars to shift to the left? A) A ... (Read 105 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?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

For a complete list of videos, visit our video library