Under perfect competition, a technological advance
a. shifts the market demand curve leftward, decreasing market price
b. shifts the market supply curve rightward, decreasing market price
c. shifts the market demand curve rightward, increasing market price
d. shifts the market supply curve leftward, increasing market price
e. causes unpredictable shifts in supply and demand
B
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What is a primary determinant of the asset demand for money?
I. the interest rate II. the opportunity cost of holding money III. the supply of money A) I only B) III only C) both I and II D) both II and III
The demand for current consumption, as plotted against current income, shifts to the right due to all of the following except
A) a decrease in current taxes. B) a decrease in future taxes. C) an increase in current income. D) an increase in future income.