When income increases, the demand curve for an inferior good
A. remains constant.
B. shifts to the left.
C. moves up along the demand curve for the product.
D. shifts to the right.
Answer: B
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When the Federal Reserve decreases the money supply, at the previous equilibrium interest rate households and firms will now want to
A) sell Treasury bills. B) hold less money. C) neither buy nor sell Treasury bills. D) buy Treasury bills.
A country's aggregate production function refers to the value of what is produced per worker or per hour worked
a. True b. False Indicate whether the statement is true or false
Your bike is worth $100 and if you park it outside at school there is a 25% chance that it will be stolen. Your utility function for money is U = (M)2. Assume throughout that the bike value and money are interchangeable since you could sell the bike instantly at its value if necessary. What is the expected value of your bike?
What will be an ideal response?
when the central bank buys gov securities it leads to
What will be an ideal response?