A decrease in the price of digital cameras will:
A. cause the demand curve for memory cards to become vertical.
B. shift the demand curve for memory cards to the right.
C. shift the demand curve for memory cards to the left.
D. not affect the demand for memory cards.
Answer: B
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In which of the following situations would an individual experience an increase in real wages?
a. Receiving a 5 percent increase in nominal wages while inflation was 6 percent b. Taking a 3 percent cut in nominal wages while deflation was 4 percent c. Taking a 1 percent cut in nominal wages while inflation was 1 percent d. Receiving a 3 percent increase in nominal wages while inflation was 3 percent e. Receiving no increase in nominal wages while inflation was 0 percent
Which of the following examples is most likely the result of an expansionary monetary policy?
a. Robert decides now is not the right time to buy a motorcycle. b. Monica places most of her money in a savings account. c. Charles takes out a loan to purchase a new motorboat. d. Susan sells her second car to get more ready cash.