If some piece of information causes buyers to expect the price of a good to rise in the future, but sellers take the same information and believe it will have no impact on price, the result is
a. a decrease in supply today
b. an increase in supply today
c. a decrease in quantity demanded today
d. an increase in demand today
e. an increase in quantity demanded today
D
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Which of the following lists two things that both increase the money supply?
a. raise the discount rate and make open market purchases b. raise the discount rate and make open market sales c. lower the discount rate and make open market purchases d. lower the discount rate and make open market sales
A rightward shift in the aggregate supply curve is best explained by an increase in:
A. business taxes. B. productivity. C. nominal wages. D. the price of imported resources.
The rate at which two currencies trade for each other is called the
A. exchange rate. B. price. C. cost. D. revenue.
The convergence hypothesis states that international differences in real GDP per capita tend to _____ over time.
A. diverge B. fluctuate C. remain constant D. narrow