Which one of the following would cause an increase in the demand for hotel rooms in Hawaii?
A) an increase in airfares to Hawaii
B) a decrease in airfares to Hawaii
C) an upward movement along the demand curve for stays in Hawaiian hotel rooms
D) a downward movement along the demand curve for stays in Hawaiian hotel rooms
B
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The act of buying a product at a low price in one market and reselling the product at a higher price in another market is called arbitrage
Indicate whether the statement is true or false
Which of the following illustrates how the investment accelerator works?
a. An increase in government expenditures increases aggregate spending so that SnoozeBargain Co. decides to modernize its motels. b. An increase in government expenditures increases the interest rate so that SnoozeBargain Co. decides to modernize its motels. c. An increase in government expenditures increases the interest rate so that the demand for stocks and bonds issued by SnoozeBargain Co. rises. d. An increase in government expenditures decreases the interest rate so that SnoozeBargain Co. decides to modernize its motels.