On the graph above, suppose the economy is at point F when there is a temporary positive supply shock. The new long-run equilibrium is at point ________
A) H
B) I
C) F
D) G
E) none of the above
C
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What will be an ideal response?
In 2002, this company was estimated to hold the largest share of the U.S. burger market:
A) McDonald's. B) Burger King. C) Wendy's. D) none of the above.
Tom & Jerry are running Hanna Barbera's lemonade stand as two profit centers. Tom makes the lemonade while Jerry sells it. Jerry argues that Tom is transferring the lemonade to him priced too high, which forces him to charge the customers a high price, losing sales. Who is making the bad decision?
a. Tom b. Jerry c. Hanna Barbera d. None of them
If the Federal Reserve buys government bonds from the public,
A. Demand deposits will decrease. B. Bank reserves will not change. C. The money supply will contract. D. Banks will be able to make additional loans.