An increase in supply will cause a shortage at the original market price
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
The enclosure movement in England in the 17th century represented an attempt to transform
a. a public good into a private good. b. a private good into a public good. c. a private good into a common resource. d. a common resource into a private good.
Which of the following equations accurately shows a total revenue increase when demand is price inelastic?
a.
b.
c.
d.
About _____ out of every ten dollars in our money supply consists of currency.
Fill in the blank(s) with the appropriate word(s).
Which of the following statements is correct?
A. The actual reserves of a commercial bank equal its excess reserves minus its required
reserves.
B. A bank's liabilities plus its net worth equal its assets.
C. When borrowers repay bank loans, the supply of money increases.
D. A single commercial bank can safely lend a multiple amount of its excess reserves.