In the figure above, a decrease in the monetary base would create a change such as a
A) movement from point a to point b along the supply of money curve MS0.
B) movement from point b to point a along the supply of money curve MS0.
C) shift from the supply of money curve MS0 to the supply of money curve MS1.
D) shift from the supply of money curve MS1 to the supply of money curve MS0.
D
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According to this Application, over the past few years there has been a ________ increase in ________ of automobile parts from outside the United States and Canada
A) large; imports B) large; exports C) small; imports D) small; exports
When the U.S. housing market crashed, it caused all of the following except:
A. all sellers of real estate to profit when selling their house. B. lenders to stop lending. C. the U.S. economy to tip into the Great Recession. D. banks to go bust due people not paying their mortgages.
The increase in quality bias in the consumer price index refers to the idea that price increases in the CPI reflect pure inflation, but ________ quality increases. This causes the CPI to ________ the cost of the market basket
A) also; understate B) also; overstate C) not; understate D) not; overstate
If there are external costs of production not accounted for, then marginal
A. social cost is zero. B. cost equals marginal social cost. C. cost is greater than marginal social cost. D. cost is less than marginal social cost.