What will cause the equilibrium point to move from E1 to E2?
a. a downward movement, or decrease, in price from P1 to P2
b. an upward movement, or increase, in price from P2 to P1
c. a leftward movement, or decrease, in quantity from Q2 to Q1
d. a rightward movement, or increase, in quantity from 0 to Q2
a. a downward movement, or decrease, in price from P1 to P2
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A bank has $400 in checkable deposits, $800 in savings deposits, $700 in time deposits, $900 in loans to businesses, $300 in outstanding credit card balances, $500 in government securities, $10 in currency in its vault, and $20 in deposits at the Fed
. The bank's deposits that are part of M1 are equal to A) $1,210. B) $1,900. C) $400. D) $410. E) $530.
A consumer is likely to avoid adverse selection and get a high-quality lunch at
A) a snack bar at a traveling carnival. B) a vendor who parks her cart at a different location every noon. C) a restaurant in the center of a business district. D) a restaurant located next door to Disneyland.
Suppose OPEC is unable to come to an agreement regarding oil production and as a result the price of oil drops. Which of the following would you expect to occur as a result of this favorable supply shock?
a. The short-run Phillips curve will shift to the right and the unemployment rate will increase. b. The short-run Phillips curve will shift to the right and the unemployment rate will decrease. c. The short-run Phillips curve will shift to the left and the unemployment rate will increase. d. The short-run Phillips curve will shift to the left and the unemployment rate will decrease.
Which of the following answer choices best describes a consumption expenditure category in the national income accounting?
A. Both new and used consumer goods B. Consumer nondurable goods and services, but not consumer durable goods C. Consumer durable and nondurable goods, but not services D. Automobiles for personal use, but not newly constructed houses