An increase in the demand for a product means that the:
a. demand curve shifts to the left.
b. demand curve shifts to the right.
c. supply curve shifts to the right.
d. supply curve shifts to the left.
e. quantity supplied has increased.
b
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When a country allows trade and becomes an importer of goods everyone benefits
a. True b. False Indicate whether the statement is true or false
The prices of stocks and bonds move
a. in opposite directions to the Fed's interest rate target b. in opposite directions to the spending patterns of Congress c. in similar directions to the Fed's interest rate targets d. in similar directions to the spending patterns of Congress e. whenever the Open Market Committee threatens a change in the money supply
Given an initial deposit of $5,000 and a legal reserve requirement of 25%, the amount of money potentially created by the banking system is
a. $15,000 b. $20,000 c. $25,000 d. $10,000 e. $30,000
Which of the following pairs is the best example of substitutes?
a. coffee and cream b. videotapes and VCRs c. honey and biscuits d. bread and butter e. butter and margarine