A decrease in the expected future price of cars
A) increases the current quantity demanded of cars, that is, there is a movement downward along the demand curve for cars.
B) increases the current demand for cars, that is, there is a rightward shift of the demand curve for cars.
C) decreases the current quantity demanded of cars, that is, there is a movement upward along the demand curve for cars.
D) decreases the current demand for cars, that is, there is a leftward shift of the demand curve for cars.
D
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Increasing income tax rates will solve the "Social Security time bomb issue" is an example of
A) a positive economic statement. B) marginal cost exceeding marginal benefit. C) answering the "how" question. D) globalization. E) business economic policy.
The Employment Act of 1946 was built largely out of
A) philosophy of William J. Boyes. B) free market economic philosophy. C) the ideas of Milton Friedman. D) Keynesian philosophy.