A decrease in the number of producers will shift supply to the left
a. True
b. False
Indicate whether the statement is true or false
False
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In 2007-2009, the Fed cut interest rates to limit the international financial crisis. What is the effect of this on velocity?
a. It will decrease. b. It will increase. c. It will remain constant. d. Velocity is unrelated to interest rates.
Supporters of minimum-wage legislation argue that:
A. a worker earning minimum wage should be able to live above the poverty line. B. it would not be fair for firms to pay a wage that would leave workers struggling to escape poverty. C. workers deserve a basic standard of living. D. All of these are true.
A data set that consists of observations on a variable or several variables over time is called a _____ data set.
A. binary B. cross-sectional C. time series D. experimental
Which group is responsible for the policy decision of changing the money supply?
Office of Management and Budget Federal Open Market Committee Federal Advisory Council Thrift Advisory Council