Which statement is true about supply?
A. There is an inverse relationship between price and quantity supplied
B. Supply refers to the amount of inventory that sellers have in their warehouses
C. As price decreases, producers are willing to put more of the good on the market for sale
D. To entice producers to offer more of a good on the market for sale, price must rise
Answer: D
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According to Keynes, the effect on planned real investment spending resulting from the interest-rate impact of a decrease in the money supply
A) impacts the economy through the multiplier. B) does not impact the economy. C) impacts the economy by reducing the value of the U.S. dollar. D) impacts the economy by increasing the deficit.
The rate of return of a stock held for one year equals
A) the change in the price of the stock. B) the dividend yield plus the rate of capital gain. C) the rate of capital gain minus the dividend yield. D) the dividend yield minus the rate of capital gain.
Central banks sometimes attempt quantitative easing when
A) money growth is too high. B) inflation is too high. C) there is a liquidity trap. D) inflation is too low.
When OPEC raised the price of crude oil in the 1970s, it caused the
a. demand for gasoline to increase. b. demand for gasoline to decrease. c. supply of gasoline to increase. d. supply of gasoline to decrease.