Other things being equal, the effect of a decrease in the price of DVDs on the market for DVD players is a(n):
a. leftward shift in the demand curve for DVD players.
b. upward movement along the demand curve for DVD players.
c. rightward shift in the demand curve for DVD players.
d. downward movement along the demand curve for DVD players.
c
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Explain why opportunity cost is the best forgone alternative and provide examples of some opportunity costs that you have faced today
What will be an ideal response?
The aggregate real money demand schedule L(R,Y)
A) slopes upward because a fall in the interest rate raises the desired real money holdings of each household and firm in the economy. B) slopes downward because a fall in the interest rate reduces the desired real money holdings of each household and firm in the economy. C) has a zero slope because a fall in the interest rate keeps constant the desired real money holdings of each household and firm in the economy. D) slopes downward because a fall in the interest rate raises the desired real money holdings of each household and firm in the economy. E) slopes downward because a rise in the interest rate makes consumers less focused on the liquidity of their assets.