A recent medical study reports new benefits of cycling. Simultaneously, the price of the parts needed to make bikes falls. The demand curve would _________ and the supply curve would__________
a. Shift to the right, shift to the left
b. shift to the left, shift to the right
c. shift to the left, shift to the left
d. shift to the right, shift to the right
d
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The two functions that are critical to the key role that commercial banks play in stabilizing the economy are accepting deposits and making loans
Indicate whether the statement is true or false
Mortgage-backed securities are large blocks of mortgages which have been repackaged into ________ and sold to pension funds and other large investors
A) stocks B) bonds C) mutual funds D) certificates of deposit
The extra cost associated with producing or consuming the next unit is called the:
A. variable cost. B. marginal cost. C. utility cost. D. sunk cost.
Surpluses cause prices to fall while shortages cause prices to rise
a. True b. False Indicate whether the statement is true or false