An expansion occurs when the level of real GDP is
A) increasing.
B) decreasing.
C) at a cyclical peak.
D) at a cyclical trough.
A
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Which would cause a leftward shift in the supply curve for telephone service?
a. A decrease in the price of telephones b. An increase in the wage of telephone workers c. An increase in consumer incomes in the economy d. An improvement in telephone technology
Most of the buying and selling in primary markets:
A. is in the public view. B. is highly transparent and closely monitored by the SEC. C. is done by the Federal Reserve. D. involve an investment bank.
If the demand for tennis shoes increases and a firm's supply curve is upward sloping, then:
A. producer surplus decreases. B. producer surplus does not change. C. producer surplus increases. D. producer surplus may either increase or decrease.
Coins held in commercial banks are:
A. included in M1 but not in M2. B. included both in M1 and in M2. C. included in M2 but not in M1. D. not part of the nation's money supply.