In the short-run if there is a surplus in the market for a product, the rationing function of price can be expected to cause
A) an increasing shift in the demand for the product.
B) a decreasing shift in the supply of the product.
C) an increase in the market price of the product.
D) a decrease in the market price of the product.
D
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Environmental standards can be specified as
a. ambient standards d. all of the above b. performance-based standards e. (a) and (b) only c. technology-based standards
If the money supply increased by 4 percent and velocity increased by 4 percent: a. nominal GDP would not change
b. nominal GDP would increase by 1 percent. c. nominal GDP would increase by 4 percent. d. nominal GDP would increase by 8 percent.
List three different ways that a risk-averse person can reduce financial risk
In utilizing unconventional monetary policy in 2010, the Federal Reserve purchased
A. real estate worth more than $2 trillion. B. $800 billion in Treasury bills. C. over $1 trillion in mortgage backed securities. D. $600 billion in long-term Treasury bonds.