Because of unseasonably cold weather, orange crops were destroyed in Florida. This statement indicates that
A. the demand for apple juice will decrease.
B. the amount of orange juice will decrease.
C. demand for oranges will necessarily rise.
D. equilibrium quantity of oranges will rise.
Answer: B
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A) produced abroad and sold to Americans. B) produced in the United States and sold to Americans. C) produced abroad and sold to foreigners. D) produced in the United States and sold to foreigners.
The supply of reserves __________ when the federal funds rate __________
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases E) does not change; changes
The tax multiplier equals 1 ? spending multiplier
a. True b. False Indicate whether the statement is true or false
Affirmative action laws require employers to hire specified numbers of minorities
a. True b. False Indicate whether the statement is true or false