An increase in the demand for washing machines might be caused by
A. a decrease in the number of buyers.
B. an expected increase in the price of washing machines.
C. a decrease in the price of washing machines.
D. an expected decrease in the price of washing machines.
Answer: B
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In the figure above, the minimum price that must be offered for the 5,000th pizza a day to be produced is
A) $6. B) $10. C) $8. D) $2. E) $4.
The relation S + (T - G) = I + NX describing the equilibrium of an economy explicitly demonstrates
A) deficit spending by the government reduces either investment and/or net foreign investment. B) deficit spending reduces private saving (assuming net foreign investment remains unchanged). C) as private saving increases net foreign investment must decrease, exports decline. D) as private saving increases the deficit must decline if investment decreases.