Refer to the information provided in Figure 3.10 below to answer the following question(s).
Figure 3.10Refer to Figure 3.10. An increase in the price of pizza sauce will cause a movement from Point B on supply curve S2 to
A. supply curve S3.
B. Point A on supply curve S2.
C. supply curve S1.
D. Point C on supply curve S2.
Answer: C
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Checkable deposit account balances are
A) only a small component of the money supply. B) counted in the calculation of the money supply. C) part of M2 but not part of M1. D) considered credit, but not money.
Which of the following would cause a rightward shift in the demand curve for gasoline?
I. A large increase in the price of public transportation. II. A large decrease in the price of automobiles. III. A large reduction in the costs of producing gasoline. A) I only B) II only C) I and II only D) II and III only E) I, II, and III
As long as wage increases do not exceed labor productivity growth rates, a stable price level should be the result
Indicate whether the statement is true or false
Suppose the Fed lowers its federal funds rate target. The Fed probably seeks to
A) lower the actual federal funds rate. B) raise the actual federal funds rate. C) leave unchanged the actual federal funds rate D) b or c E) a or c