A move from G to H represents
A. an increase in quantity supplied.
B. a decrease in quantity supplied.
C. an increase in supply.
D. a decrease in supply.
B. a decrease in quantity supplied.
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Federal funds loans are:
A. unsecured loans. B. collateralized loans between banks. C. guaranteed by the FDIC. D. secured loans between banks and the Fed.
Which of the following is NOT a valuable role of government in a free market society?
A. To enhance rent-seeking activities. B. To reduce market power. C. To provide public goods. D. To reduce negative externalities.
During 2010, a country reports that its price level fell and the money wage rate did not change. These changes led to
A) a lower real wage rate, lower profits, and a decrease in the quantity of real GDP supplied. B) a higher real wage rate, lower profits, and a decrease in the quantity of real GDP supplied. C) a higher real wage rate, higher profits, and an increase in the quantity of real GDP supplied. D) a lower real wage rate, higher profits, and an increase in the quantity of real GDP supplied. E) no change in the real wage rate and an increase in aggregate demand.
Restricting imports
A. can protect United States final goods and services in the protected industry and increase economic welfare of the country as a whole. B. can protect United States jobs in the protected industry but will also lead to reductions in U.S. output and income. C. can protect United States jobs in the protected industry, which increases economic welfare of the country as a whole. D. can protect United States final goods and services in the protected industry and makes consumers better off.