A shortage causes the
A) demand curve to shift leftward.
B) supply curve to shift rightward.
C) price to fall.
D) price to rise.
D
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Which of the following would cause the short-run aggregate supply curve to shift to the left?
A) an increase in inflation expectations B) a decrease in interest rates C) a technological advance D) an increase in the price level
If the Fed wants banks to have more money to lend, it can
A. sell government securities. B. raise the reserve ratio. C. lower the reserve ratio. D. raise its discount rate.
Refer to the table below and information. The average variable cost of the firm when 5 units of output are produced is:
The fixed cost of the firm is $500. The firm's total variable cost is indicated in the table.
A. $100
B. $200
C. $300
D. $400
The opportunity cost of funds is the interest that can be earned by lending the funds
Indicate whether the statement is true or false