There has been an increase in the demand for chicken. This change can be shown graphically as a:
A. shift in the demand curve to the right.
B. shift in the demand curve to the left.
C. movement along the demand curve to the right.
D. movement along the demand curve to the left.
A. shift in the demand curve to the right.
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When a regulatory commission of a public utility, such as an electric company, chooses a fair price as the regulated price, it chooses P = MC
Indicate whether the statement is true or false
Ransom E. Olds
A. was the first automobile manufacturer to use a division of labor and an assembly line. B. was the first automobile manufacturer to manufacture a standardized engine with interchangeable parts. C. sold millions of cars at a small unit of profit that allowed his company to dominate the industry. D. All of the choices are true.
Every month, Carlos deposits $300 into an interest-bearing account managed by his broker, Megan. Megan pools the funds in Carlos’s account with funds from the accounts of other clients and invests them in short-term securities. Which statement is also true about this situation?
a. This is an example of a savings deposit account. b. This is an example of a demand deposit account. c. Carlos is allowed to write checks against his account, within certain limitations. d. Due to the account type, the funds Carlos has deposited have a low level of liquidity.
In order to move the federal funds rate to the level it desires, the Fed must
A) first change the discount rate to the desired federal funds rate. B) specify the interest rate on previously issued government bonds. C) adjust the money supply to achieve the target federal funds rate. D) limit the amount of bank lending activity.