Scenic Cinemas surveyed its audience and found that while most movie goers prefer weekends, seniors visit on weekdays. How should the theatre respond?
a. Increase prices for the weekday shows, decrease the prices for the weekend shows
b. Decrease both the weekday and weekend ticket prices
c. Decrease prices for the weekday shows, increase prices on the weekends
d. Increase both the weekday and weekend prices
c
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For each of the following values of nominal GDP and real GDP, calculate the GDP price deflator
a) Nominal GDP = $600; real GDP = $800. b) Nominal GDP = $900; real GDP = $900. c) Nominal GDP = $1,200; real GDP = $1,000
If the interest rate on borrowing falls,
a. the demand curve for loans will shift out. b. the discounted value now of money to be received in the future will fall. c. some previously unprofitable prospective investments will become profitable. d. All of the above are correct.