In an open economy, the price of a bike is ________.
A. $140
B. $20
C. $40
D. $100
Answer: A
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Which of these indicators is probably the most politically sensitive?
A) Housing starts B) Capacity utilization C) Employment D) Car sales
The break-up of slave families was most often due to:
a. the sale of fathers. b. the sale of mothers. c. the sale of children. d. divorce.
If the Fed wanted to expand the money supply as part of an antirecession strategy, it could
a. increase the reserve requirements imposed on commercial banks. b. decrease the interest rate paid on excess reserves encouraging banks to extend more loans. c. sell U.S. government securities and other financial assets that it is currently holding. d. raise the interest rate on loans extended to banks and other financial institutions.
An increase in supply is shown by:
a) a movement up along the supply curve. b) a movement down along the supply curve. c) a rightward shift of the supply curve. d) a leftward shift of the supply curve. e) an initial movement up and then down along the same supply curve.