You observe that the price of a good rises and the quantity decreases. These observations can be the result of the

A) demand curve shifting rightward.
B) demand curve shifting leftward.
C) supply curve shifting rightward.
D) supply curve shifting leftward.

D

Economics

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Brittany decides to save $50 from each paycheck so that she can go on a Spring Break trip with her college roommates. However, when she gets paid this week, she spends all of her money on new clothes. Which of the following insights into human behavior does Brittany exhibit?

a. People are overconfident. b. People care about fairness. c. People are reluctant to change their minds. d. People are inconsistent over time.

Economics

Monetary policy is thought to be:

A. equally effective in moving the economy out of a depression as in controlling demand-pull inflation. B. more effective in moving the economy out of a depression than in controlling demand-pull inflation. C. more effective in controlling demand-pull inflation than in moving the economy out of a recession. D. only effective in moving the economy out of a depression.

Economics