There is news that the price of Tucker's Root Beer will increase significantly next week. If the demand for Tucker's Root Beer reacts only to this factor and shifts to the right, the position of this demand curve has reacted to a change in:
a. tastes.
b. expectations.
c. the number of buyers.
d. the prices of related goods.
e. income levels.
b
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A daily auction at the Chicago Board of Trade sets
A) Federal funds rate. B) 10-year bond rate. C) Discount rate. D) Prime rate. E) Credit cards rate.
Shelly purchases a leather purse for $400. One can infer that:
A. her reservation price was at least $400. B. her reservation price was exactly $400. C. she paid too much. D. her reservation price was less than $400.
During 2003, the Federal Reserve began to openly discuss deflation. Their comments suggested they
A. knew it was something to watch because of the Japanese experience of the 1990s, but did not alter policy significantly to combat it. B. were neutral about whether deflation would be a good thing. C. were enthusiastic about the possibility. D. knew it would be a disaster, so they immediately cut the target federal funds rate by 5 percentage points to avoid the possibility.
What was the importance of the Federal Trade Commission Act of 1914?
What will be an ideal response?