An increase in supply, other things being equal, will cause which of the following to occur?
A. quantity supplied to decrease.
B. a leftward shift in the demand curves as the price increases.
C. quantity demanded to increase.
D. a rightward shift in the demand curve as the price falls.
Answer: C
You might also like to view...
If inflation is making it difficult for people to estimate the true marginal benefits and true marginal costs of activities, inflation is leading to
A) confusion costs. B) uncertainty costs. C) tax costs. D) shoe-leather costs. E) increased economic growth.
Actual reserves equal required reserves plus excess reserves.
Answer the following statement true (T) or false (F)
Based on the graph showing an increase in the growth of the money supply, as soon as workers realize their real wages have fallen, they will demand higher wages, which ______.
a. shifts the short-run Phillips curve to the left
b. shifts the short-run Phillips curve to the right
c. moves the economy back down the Phillips curve to Point A
d. moves the economy back up the Phillips curve to Point B
Suppose this economy is currently closed. ________ is/are most likely to want open trade, and ________ is/are most likely to oppose opening the economy to trade.
A. The government; bike purchasers B. Bike manufacturers; bike purchasers C. Bike purchasers; bike manufacturers D. Bike manufacturers; the government