A decrease in the price of peanuts will cause a leftward shift of the supply curve of peanut butter
a. True
b. False
B
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The monetary rule is the view of the
Some sales managers are talking sho
A) "Since our competitors raised their prices our sales have doubled." B) "It has been an unusually mild winter; our sales of wool scarves are down from last year." C) "We decided to cut our prices, and the increase in our sales has been remarkable." D) none of the above
Which of the following is not a correct statement?
a. the United States has twelve Federal Reserve districts. b. less than one-half of U.S. private banks are members of the Federal Reserve System. c. the members of the Board of Governors of the Fed are appointed by the U.S. president for 14-year terms. d. the U.S. Senate must approve any major change in Fed policy.
Which of the following will cause a decrease in aggregate demand?
a. Relative price increase of U.S. goods b. Relative price decrease of U.S. goods c. Decrease in taxes d. Increase in income