If the demand curve shifts but the supply curve does not and price remains the same, supply must be perfectly inelastic

a. True
b. False

B

Economics

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If people expect nominal interest rates to be higher in the future, the expected return to bonds ________, and the demand for money ________

A) rises; increases B) rises; decreases C) falls; increases D) falls; decreases

Economics

Which of the following would cause an increase in demand for golf balls?

a. a decrease in the price of golf balls b. an increase in the price of green fees c. an expectation by buyers that their incomes will increase in the very near future d. a change in consumer tastes away from golf and toward tennis

Economics