The Fed ____ bonds when it conducts an open-market purchase. This action _____ the money supply
Fill in the blank(s) with correct word
buys, increases
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What can one learn from the following figure?
What will be an ideal response?
When taxes increase, consumption
a. decreases as shown by a movement to the left along a given aggregate-demand curve. b. decreases as shown by a shift of the aggregate demand curve to the left. c. increases as shown by a movement to the right along a given aggregate-demand curve. d. increases as shown by a shift of the aggregate demand curve to the right.
Which of the following most likely involves buying an inferior service?
a. going on a cruise b. seeing a Broadway show c. streaming a video d. attending a rock concert
Relative price changes are a desirable and essential ingredient of the market mechanism.
Answer the following statement true (T) or false (F)