An increase in the money supply should cause the expenditure schedule to shift upward.

Answer the following statement true (T) or false (F)


True

Economics

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With perfect price discrimination, the quantity of output produced by a monopoly is ________ the quantity produced by a perfectly competitive industry

A) greater than but not equal to B) less than C) equal to but not greater than D) not comparable to E) either greater than or equal to

Economics

On average, expansions in the United States have become ________, and recessions have become ________ since 1950

A) longer; longer B) longer; shorter C) shorter; longer D) shorter; shorter

Economics

Why is wage and price flexibility an important assumption of the classical model?

A) Flexible wages and prices guarantee that there will be no scarcity. B) Flexible wages and prices allow business firms to fool their workers through the money illusion. C) Flexible wages and prices allow business firms to fool their customers through the money illusion. D) Flexible wages and prices allow markets to reach equilibrium.

Economics

Which of the following is most likely to shift the demand curve for electricity to the left?

a. consumers becoming more energy conscious. b. an increase in income. c. a decrease in the price of electricity. d. an increase in the price of natural gas, a substitute source of energy.

Economics