When the Federal Reserve acts to tighten money and credit in the economy, then the aggregate:
a. Supply curve will shift to the left
b. Demand curve will shift to the left
c. Demand curve will stay the same but there will be a movement along the existing demand curve
d. Demand curve will shift to the right
b. Demand curve will shift to the left
You might also like to view...
The substantially larger real GDP per worker in the United States than in Europe is explained by
A. greater production per hour. B. better U.S. technology. C. longer work hours. D. all of the above. E. none of the above.
Indirect price discrimination differs from direct price discrimination because
a. In direct price discrimination high value consumers can sometime enjoy the benefits of a low-values customer b. In Direct price discrimination firms do not have to worry about cannibalizing c. In direct price discrimination there is a risk of creating profitable entries for rival but for indirect price discrimination, this can be avoided d. There is no difference between the two
Productivity growth is the main cause of rising living standards.
Answer the following statement true (T) or false (F)
To economists, a game is:
A. a trivial pursuit that should not be used to analyze the economy or its actors. B. any situation in which players pursue strategies designed to achieve their goals. C. a way to simplify and minimize the true importance of situations like war. D. All of these statements are true.