Which occurrence could cause the demand curve for cars in your city to shift to the left?
(A) A layoff of 500 workers at the city's airport.
(B) Hundreds of new people moving into your city.
(C) A sale at the local dealership that ends next week.
(D) A rise in the average wages
Ans: (A) A layoff of 500 workers at the city's airport.
Economics
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In the Baumol-Tobin analysis of the demand for money, either an increase in ________ or an increase in ________ increases money demand
A) income; interest rates B) brokerage fees; interest rates C) interest rates; the price level D) brokerage fees; income
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According to new growth theory, technological advances can be promoted
A) from within the economy. B) if only the right fiscal and monetary policies are in place. C) in a few rare cases. D) through industrial policy. E) none of the above
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