The expression "increase in quantity supplied" is illustrated graphically as a
A) leftward shift in the supply curve.
B) rightward shift in the supply curve.
C) movement up along the supply curve.
D) movement down along the supply curve.
C
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When the Fed changes money supply by selling government securities, the interest rate will
A) fall unless the LM curve is horizontal. B) fall unless the IS curve is vertical. C) rise if the LM curve is vertical or upward sloping. D) remain constant if the LM curve is vertical.
When a firm is experiencing increasing marginal costs, it implies
a. There are constant marginal productivity b. There are decreasing average costs c. There are decreasing marginal productivity d. There are increasing marginal productivity
In 2013, the lowest incidence of poverty was for
A. individuals over 65. B. white (non-Hispanic) people. C. children under 18. D. women living in households with no husband present.
When the manager of a department store attaches price tags to his/her products, he/she is using money as a
A. unit of account. B. unit of transfer. C. store of value. D. medium of exchange.