If the price of spinach decreases, there will be ________ of spinach enchiladas.
A. a decrease in the quantity supplied
B. an increase in the quantity supplied
C. a decrease in the supply
D. an increase in the supply
Answer: D
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According to your textbook, critics of "globalization" often fail to understand that
A) money makes the world go round. B) voluntary trade is mutually beneficial. C) economics applies only to capitalist economic systems. D) greed is better than love.
Macroeconomics:
A. is concerned with the expansion of a small business into a large corporation. B. is narrower in scope than microeconomics. C. analyzes mergers and acquisitions between firms. D. is concerned with the expansion and contraction of the overall economy.
The Baker Plan emphasized renewed commercial bank loans as a way to restart capital flows to Latin America
Indicate whether the statement is true or false
Keynesians contend that in a recession caused by a decline in aggregate demand, a policy of increasing the nominal money supply would
A. not affect the position of the LM curve, because the real money supply would not change. B. raise the level of aggregate demand, which would help return the economy to full-employment output. C. shift the LM curve to left, which would help return the economy to full-employment output. D. lower the level of aggregate demand, which would help return the economy to full-employment output.