If the Fed buys government bonds from the open market, it will cause:
A) a shift of the supply curve for reserves to the right.
B) a shift of the supply curve for reserves to the left.
C) a downward movement along the supply curve for reserves.
D) an upward movement along the supply curve for reserves.
A
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Use the following table to answer this question, which provides information on the production of a product that requires one variable input.InputTotal Product00102002060030720408205090060980The average product of the 40th input item is
A. 100. B. 20.5. C. 10. D. 80.
Explain the concept of the circular flow
What will be an ideal response?
When competing firms have a commitment strategy, it is called:
A. collusion. B. competitive cooperation. C. predatory pricing. D. competition.
When economists say the quantity supplied of a product has increased, they mean the:
a. supply curve has shifted to the left. b. supply curve has shifted to the right. c. price of the product has risen, and consequently, suppliers are producing more of it. d. price of the product has fallen, and consequently, suppliers are producing less of it.