Answer: d. shift to the left.
If the central bank decreases the supply of money, then the aggregate demand curve will:
a. become steeper.
b. shift to the right.
c. become flatter.
d. shift to the left.
Economics
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What are the four types of industry structures? Compare and contrast them with the number of firms in the industry, whether firms produce homogeneous or heterogeneous products, whether there are economic profits in long-run equilibrium, and how frequently the model appears in the real world.
What will be an ideal response?
Economics
If Don paints the outside of his house a horrendous color: a. he probably has lowered the value of his home, but not that of his neighbors' homes
b. he probably has lowered the value of his home and the value of his neighbors' homes. c. he probably has lowered the value of his neighbors' homes but not the value of his own home. d. none of the above
Economics
Some low-income countries generally remain poor because
a. their institutional arrangements and policies often discourage productive activity and reduce the potential gains from specialization and exchange. b. they are oppressed by developed nations that benefit from the cheap goods available from countries with low wage rates. c. they are poorly endowed with natural resources, which are essential for long-term growth. d. when the average income level is low, workers have little incentive to earn higher incomes.
Economics
A waitress brings a loaf of bread without charge when you sit down in a restaurant. This loaf of bread is
A. an economic good because the bread is a scarce resource, even if it is free to you. B. a bad because there is no price charged for the bread. C. a good, but not an economic good because there is no price charged for the bread. D. a service because the waitress carried it instead of making it.
Economics