As the price of a good rises, the consumer will experience
A) a desire to consume a different bundle.
B) a decrease in utility.
C) a southern or western movement on the indifference map.
D) All of the above.
D
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If the Fed sells U.S. government securities, the
A) money supply decreases, and the money supply curve shifts to the right. B) money supply decreases, and the money supply curve shifts to the left. C) money supply increases, and the money supply curve shifts to the left. D) money supply increases, and the money supply curve shifts to the right.
If, under a fixed exchange rate system, the dollar price of Mexican pesos is below its equilibrium level, then the
A) dollar is undervalued. B) peso is undervalued. C) dollar has depreciated. D) peso has appreciated. E) a and c
Indirect business taxes include
A. business property taxes and sales taxes. B. sales taxes and income taxes. C. property taxes and corporate income taxes. D. income taxes and Social Security taxes.
An inflation rate that is higher than expected benefits debtors.
Answer the following statement true (T) or false (F)