What will happen in the gasoline market now if buyers expect higher gasoline prices in the near future?
a. The demand for gasoline will increase.
b. The demand for gasoline will decrease.
c. The demand for gasoline will be unaffected.
d. The supply of gasoline will increase.
a
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Which of the following reduced the effectiveness of the Fed's low interest rate policy during the aftermath of the 2008-2009 recession?
a. The heavy indebtedness of households. b. The reduction in the earnings derived from savings accounts, certificates of deposits, and other forms of savings used by many Americans. c. The increased fear of inflation fueled by the Fed's expansionary monetary policy. d. All of the above.
Under which of the following market structures would consumers likely pay the highest price for a product?
a. perfect competition b. monopolistic competition c. oligopoly d. monopoly
Which one of the following would lead to an eventual change in the total money supply?
A. a customer's cash withdrawal from an ATM B. a customer moves funds from her checking account to her savings account C. using a credit card to purchase a new television D. depositing a paycheck in a bank
Trade allows the people of a country to produce outside their production possibility curve.
Answer the following statement true (T) or false (F)