An increase in price and an indeterminate change in quantity are consistent with a:
A. leftward shift in supply and a rightward shift in demand.
B. rightward shift in supply and a leftward shift in demand.
C. leftward shift in demand and no shift in supply.
D. leftward shift in supply and no shift in demand.
Answer: A
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Suppose the required reserve ratio is 10%, excess-to-deposit ratio is 10%, and the currency-to-deposit ratio is 20%. If the Fed buys $50 million worth of securities, what will happen to the money supply?
What will be an ideal response?
If resource owners anticipated a monetary growth rate of 6 percent, but the money supply actually grew at only 2 percent, then: a. real wages would fall
b. output would decrease. c. output would increase. d. output would increase, but only if nominal wages were increased more rapidly than prices. e. the expected inflation rate was less than the actual rate.
Which of the following operate under a fixed-rate unified currency system?
a. the 12 countries of the European Monetary Union b. the 50 states of the United States c. Hong Kong, Panama, and the United States d. all of the above
This graph demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good.
According to the graph shown, if the economy were to open to free trade, it would become:
A. a net-importer. B. an autarky. C. a net-exporter. D. less efficient with less overall market surplus.