In the above figure, the shift in the supply curve from S to S2 reflects
A) an increase in the supply of pizza.
B) an increase in the quantity of pizza supplied.
C) a decrease in the quantity of pizza supplied.
D) a decrease in the supply of pizza.
E) a decrease in the supply of pizza and a simultaneous decrease in the quantity of pizza supplied.
A
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One problem with the utilitarian principle is that it ignores
A) increasing marginal costs. B) decreasing marginal benefits. C) the costs of making income transfers. D) poor people.
When the Fed buys government bonds,
a. the money supply increases and the federal funds rate increases. b. the money supply increases and the federal funds rate decreases. c. the money supply decreases and the federal funds rate increases. d. the money supply decreases and the federal funds rate decreases.
Which of the following does NOT describe why Britain adopted the pegged system (the Exchange Rate Mechanism [ERM]) in 1990?
A) There were benefits to trade and other forms of cross-border exchange. B) Britain wanted to hold onto the pound as its currency. C) It was a member of the European Union and fixed rates were good for trade with other members. D) It hoped to participate in the new common currency when it was launched.
When we are at full employment
A. the unemployment rate is 0. B. the cyclical unemployment rate is 0. C. the structural unemployment rate is 0. D. the frictional unemployment rate is 0.