A decrease in consumer confidence would shift the:
A) aggregate demand curve rightward.
B) aggregate demand curve leftward.
C) aggregate supply curve rightward.
D) aggregate supply curve leftward.
B
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Which of the following is an administered interest rate set by the Federal Reserve?
A) The discount rate B) The federal funds rate C) The prime rate D) The commercial paper rate
Liquidity refers to the
A. rapidity with which money flows through the economy. B. ease with which an asset can be converted into cash. C. ease with which banks move funds from checking to savings accounts. D. All of these responses are correct.
Which of the following tendencies would explain why a waiter might give a $0.50 tip on a $40 meal back to the customer instead of pocketing it?
a. anchoring b. the endowment effect c. fairness d. the gambler’s fallacy
An export subsidy raises the domestic price of the product.
Answer the following statement true (T) or false (F)