If there is a shortage of gasoline, then
A) the purchase plans of buyers are not being fully achieved.
B) buyers will tend to compete amongst themselves for more gasoline.
C) the price of gasoline will tend to rise.
D) all the above are true.
E) none of the above is true.
D
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Fiscal policy can encourage Research & Development using either direct spending or tax policy to encourage _______ economic growth.
a. immediate b. historical c. long-term d. short-term
Cost-push inflation occurs because of a:
A. rightward shift in the aggregate demand curve. B. leftward shift in the aggregate demand curve. C. leftward shift in the aggregate supply curve. D. rightward shift in the aggregate supply curve.
The marginal utility derived from viewing the next movie download is the
A) average utility per minute of viewing. B) additional utility from viewing the movie. C) average utility per hour of viewing. D) additional utility from viewing the first minute of the movie.
When the Fed purchases federal government bonds in the open market
A. the demand for money expands. B. there is no change in the money supply. C. the money supply expands. D. the money supply contracts.