A move from J to K represents
A. a change in quantity supplied.
B. no change in supply.
C. an increase in supply.
D. a decrease in supply.
C. an increase in supply.
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Along an indifference curve
A) the marginal rate of substitution is constant but not equal to zero. B) the consumer does not prefer one consumption point to another. C) the marginal rate of substitution is equal to 0. D) the consumer prefers some of the consumption points to others.
The Fed can enhance liquidity in the U.S. economy by increasing the federal funds rate
a. True b. False Indicate whether the statement is true or false
If the nominal interest rate is 2.5 percent and the inflation rate is 2 percent, what is the real interest rate?
a. .5 percent b. 1.25 percent c. 4.5 percent d. None of the above is correct.
A proposition about the relationship between two variables that can be proven false is called:
A) a hypothesis. B) a law. C) a theory. D) the scientific method.