The impact of an increase in the price of a particular good is illustrated as a
A) leftward shift in its demand curve.
B) rightward shift in its demand curve.
C) movement upward and to the left along its demand curve.
D) movement downward and to the right along its demand curve.
E) rightward shift in its demand curve and a movement upward and to the left along its demand curve.
C
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Which of the following is NOT an obstacle to economic development?
A) lack of entrepreneurship B) political instability C) corruption D) a central bank
When we are calculating the consumer price index and the inflation rate for a certain year,
a. the value of the consumer price index may depend on the choice of a base year, but the inflation rate does not depend on the choice of a base year. b. the inflation rate may depend on the choice of a base year, but the value of the consumer price index does not depend on the choice of a base year. c. both the value of the consumer price index and the inflation rate may depend on the choice of a base year. d. neither the value of the consumer price index nor the inflation rate depends on the choice of a base year.