Which of the following could not cause an increase in both the equilibrium price and quantity of a good exchanged?
a. Increased input prices
b. Decreased incomes for an inferior good.
c. An increase in the price of a substitute good.
d. Increased tastes for the good.
a
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A peak in the business cycle
A. is a temporary maximum point. B. is a temporary minimum point. C. occurs when the inflation rate is its lowest. D. occurs when the unemployment rate is its greatest.
Which of the following is a balance of payments account?
i. current account ii. past account iii. capital and financial account A) i only B) ii only C) iii only D) i and iii E) i, ii, and iii
If there is an inverse relationship between two variables, the graph of this relationship
A) will be a horizontal line. B) will be downward-sloping. C) might be horizontal. D) will be upward-sloping.
When the Fed lends to depository institutions, the loans are called
A) federal funds. B) discount loans. C) repurchase agreements. D) reverse repurchase agreements.