For most goods and services, an increase in income will cause the demand curve to shift to the left.
Answer the following statement true (T) or false (F)
False
An increase in income generally causes the demand curve to shift to the right.
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If a bank has a lot of long-term loans, it will probably want to reduce interest rate risk by encouraging __________-term deposits, especially of interest rates are expected to __________ in the future
A) long; rise B) long; fall C) short; rise D) short; fall
When the inflation rate is high and volatile,
What will be an ideal response?
The value to the consumer is
A. the area under the demand curve but above the price line from the origin to the quantity purchased. B. the area under the supply curve from the origin to the quantity produced. C. the area under the supply curve but below the price line from the origin to the quantity purchased. D. the area under the demand curve from the origin to the quantity purchased.
The German central bank in the European Monetary System, 1979-1998
A) was very inflation-averse. B) was moderately inflation-averse. C) was willing to accept inflation. D) lacked control over inflation since it had fixed its exchange rate. E) lacked sufficient reserves.