________ means the supply curve has shifted to the right, while ________ refers to a movement along a given supply curve in response to an increase in price
A) An increase in supply; an increase in quantity supplied
B) A decrease in supply; a decrease in quantity supplied
C) A decrease in supply; an increase in supply
D) An increase in supply; a decrease in supply
A
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Checkable deposits are
A. assets of commercial banks and savings institutions. B. debts of the federal government and government agencies. C. assets of the federal government and government agencies. D. debts of commercial banks and savings institutions.
Firms in a perfectly competitive market:
A. sell a differentiated product. B. sell homogeneous products. C. usually have large advertising budgets. D. try to attract customers away from their competitors.
The narrowest official definition of the money supply is
A) M1. B) M2. C) M3. D) L.
Aggregate Supply increases when
A. government regulations proliferate. B. raw materials' prices rise. C. wages fall. D. wages rise.