A move from E to F represents
A. a change in quantity demanded.
B. a change in demand.
C. an increase in demand.
D. a decrease in demand.
A. a change in quantity demanded.
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If banks faced a 100 percent reserve requirement, a $10,000 reduction in banking reserves would decrease the money supply by: a. $1,000,000. b. $100,000
c. $10,000. d. $1,000.
To conduct a general equilibrium analysis of a change in consumer preferences away from beef and toward chicken, you must consider
A. changes in the price of resources allocated to the production of beef and chicken. B. changes in the amount of resources allocated to the production of beef and chicken. C. changes in the equilibrium prices and quantities of beef and chicken. D. all of the above
A scatter plot:
A) is the same as a pie chart. B) shows how a variable changes across time. C) shows the relationship between two variables at a point in time. D) represents the frequency of a variable being observed.
A difference between the new classical and monetarist models is that expectations in the new classical model are _____ while they are _____ in the monetarist model
a. forward looking; backward looking. b. rational; adaptive. c. correct; mistaken. d. perfectly competitive; imperfectly competitive. e. both a and b.