Suppose the price level is rising and it is widely forecast to rise even further. This forecast might cause __________ of some consumption plans, resulting in __________ the AD curve

A) postponement; a rightward shift of
B) postponement; a leftward shift of
C) acceleration; a rightward shift of
D) acceleration; movement down along

C

Economics

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Because resources are scarce, individuals are required to

A) make choices among alternatives. B) improve production but not distribution. C) improve distribution but not production. D) use resources inefficiently. E) sacrifice production but not consumption.

Economics

Which of the following is typically considered a fixed cost by academic book publishers but a variable cost by companies that print books?

A) postage and supplies B) wages and salaries C) travel D) rent

Economics