Changes in the size of an industry may cause supply to shift.
Answer the following statement true (T) or false (F)
True
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In the ________ increases in the supply of money will ________
A) long run; lead to lower prices B) short run; raise total demand and output C) long run; raise total demand and output D) short run; decrease total demand and output
The production function describes: a. the relationship between the quantity of inputs utilized and the quantity of output produced. b. how inputs are most profitably used in production
c. the most cost-effective method of combining various inputs in the production process. d. the relationship between a firm's revenue and its level of production.
Which of the following is a capital resource?
a. a new car bought by the Jones family b. a truck used in transporting school children to a soccer practice c. a truck used in transporting steel to an automobile factory d. hamburger meat used to produce a juicy hamburger on a home grill e. a sapling used to create a forest in a new national park
Big Bucks Bank currently holds $20 million in excess reserves. If the Fed increases the rate of interest it pays on reserves held at the Fed, we would expect Big Bucks Bank to:
A. use those excess reserves to increase its lending. B. not change its lending activity, as excess reserves are not eligible to receive interest paid on reserve accounts. C. move a portion of those excess reserves into its required reserve account. D. hold more of those excess reserves in its reserve account at the Fed, reducing the amount it is willing to lend.