During early 2001, the Fed unexpectedly increased the money supply. The effect of this policy was a
A) downward shift of the short-run Phillips curve.
B) rightward shift of the long-run Phillips curve.
C) upward shift of the short-run Phillips curve.
D) movement upward along the short-run Phillips curve.
E) movement downward along the short-run Phillips curve.
D
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Use the following graph to answer the next question.
Which of the following factors will shift AD1 to AD3?
A. A decrease in consumer wealth B. An increase in expected returns on investment C. A decrease in real interest rates D. An increase in productivity
When perfect price discrimination comes in the form of a two-part tariff, one part of the "tariff" just covers marginal costs.
Answer the following statement true (T) or false (F)
The above figure supports all of the following statements regarding health care EXCEPT
A) the demand for health care is insensitive to price changes; as the price goes up, so does the quantity demanded. B) if all medical expenses were paid for by third parties, the quantity demanded would increase tremendously. C) due to third party payments, patients demand a higher quantity of health care services per year. D) the lower the deductible, the greater is the quantity demanded of health care services per year.
In a bank reconciliation, interest revenue earned on your bank balance is
a. added to the book balance b. deducted from the book balance c. added to the bank balance