Drawing the supply curve and the demand curve on the same graph helps show how price is determined
a. True
b. False
Indicate whether the statement is true or false
True
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If producers have an expectation of higher future prices, the supply of the good that is currently available
A) will be all that is produced. B) will decrease. C) will not change. D) will increase.
A student who just graduated from college during an economic expansion but has yet to find a job would most likely be
A) structurally unemployed. B) frictionally unemployed. C) cyclically unemployed. D) seasonally unemployed.
Firms can make decisions using marginal analysis even if they do not know the shape of a demand curve
a. True b. False Indicate whether the statement is true or false
The interest rate falls if
a. the price level falls or the money supply falls. b. the price level falls or the money supply rises. c. the price level rises or the money supply falls. d. the price level rises or the money supply rises.