Because the Fed determines the money supply, the:
A. money supply curve is upward sloping.
B. money supply curve is downward sloping.
C. money supply curve is vertical.
D. money supply curve is horizontal.
Answer: C
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If the price of automobiles were to decrease substantially, the demand curve for automobiles would most likely
A) shift rightward. B) shift leftward. C) remain unchanged. D) become steeper.
Collusion occurs when firms ______.
a. behave like perfect competitors b. act as price leaders and price followers c. engage in price discrimination d. act together to restrict competition
Recall the Application about space debris in the atmosphere to answer the following question(s).Recall the Application. The clearing of space debris is a ________ good that ________ subject to the free-rider problem.
A. private; is B. public; is C. private; is not D. public; is not
Refer to the information provided in Figure 24.1 below to answer the question(s) that follow.
Figure 24.1Refer to Figure 24.1. The equilibrium level of aggregate expenditure is $________ billion.
A. 4,000 B. 3,000 C. 2,000 D. 1,500