The price where quantity demanded is equal to quantity supplied is known as
a. equilibrium price.
b. equilibrium quantity.
c. equilibrium rate.
d. equilibrium level.
a. equilibrium price.
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Which group within the National Bureau of Economic Research officially determines whether the economy is in a recession or expansion?
A) The G-4 B) The Business Cycle Dating Committee C) The Business Cycle Governors D) The Turning Point Group
When investors buy more capital goods because the interest rates have fallen, the aggregate demand curve
A) shifts right. B) shifts left. C) does not shift. D) stays the same.
You lose your job and, as a result, you buy more frozen pizzas. For you, frozen pizza are a(n)
a. luxury good. b. inferior good. c. normal good. d. complementary good.
For the Federal Reserve's balance sheet, the asset listed securities would include:
A. bonds issued by commercial banks. B. private and public debt. C. U.S. Treasury securities. D. mainly U.S. Treasury and municipal bonds.