When the price of a product increases, there is Question 15 options:
A. a downward movement along the demand curve.
B. a rightward shift of the demand curve.
C. an upward movement along the demand curve.
D. a leftward shift of the demand curve.
C. an upward movement along the demand curve.
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The demand for reserves is __________ related to the federal funds rate because banks __________ their excess reserves as the federal funds rate falls
A) inversely; increase B) inversely; decrease C) positively; increase D) positively; decrease
For given inputs of labor and capital, if technology is more primitive, labor productivity will be
a. higher. b. lower. c. unchanged. d. characterized by increasing returns to scale.
Nominal GDP in the United States was higher in 2012 than in 1950, but Real GDP was higher in 1950 than in 2012
Indicate whether the statement is true or false
In the past, there was a strong correlation between ice cream consumption by children and polio cases for children. There was not a causal relationship due to:
A. a common underlying omitted variable. B. reverse causality. C. an infection present in cherries. D. accounting fraud practiced by Baskin Robbins.