An increase in the quantity of money supplied shifts the money supply curve to the ________, and the equilibrium interest rate ________, everything else held constant
A) right; falls
B) right; rises
C) left; falls
D) left; rises
A
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The multiplier effect following an increase in expenditure is generated by induced increases in consumption expenditure as income rises
Indicate whether the statement is true or false
In which of the following industries are economies of scale exhausted at relatively low levels of output?
A. Aircraft production. B. Automobile manufacturing. C. Concrete mixing. D. Newspaper printing.
Refer to the information provided in Figure 3.10 below to answer the following question(s).
Figure 3.10Refer to Figure 3.10. A decrease in the wage rate of pizza makers will cause a movement from Point B on supply curve S2 to
A. Point A on supply curve S2. B. supply curve S3. C. Point C on supply curve S2. D. supply curve S1.
If the AD curve shifts from year to year and the AS curve does not, then the short run Phillips curve would be
A. downward sloping. B. shifting to the right. C. upward sloping. D. shifting to the left.