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) using a credit card to purchase a new television
C) a customer moves funds from her checking account to her savings account
D) depositing a paycheck in a bank
A
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Refer to the scenario above. Jack will derive ________ units of utility if he tries to move the tree while Jill does not try at all
A) 5 B) -5 C) -2 D) 10
Assume firm X is one of the three largest firms in an oligopolistic industry. Firm X is currently considering a vertical merger with another firm that is the sole supplier of an input used by all of the firms that compete with firm X
If the merger goes through, firm X would be able to operate much like: A) a perfectly competitive firm. B) a monopolistically competitive firm. C) an oligopolist. D) a monopolist.
In the long run the prices charged by a firm in a competitive price-searcher market will be
a. high enough to provide profits to the firm. b. so low that many firms will drop out of the industry. c. equal to marginal cost. d. equal to average cost, including the opportunity cost of capital.
If tax policies become less favorable, then
A. The AD curve will shift to the left. B. The AD curve will shift to the right. C. There will be a movement to the right along the AD curve. D. The AD curve will not be affected.