Homogeneous goods are ________

A decrease in the quantity supplied is represented by a

A) movement down the supply curve. B) movement up the supply curve. C) rightward shift in the supply curve. D) leftward shift in the supply curve.

A low rate of inflation, whereby prices increase so slowly from week to week that we hardly notice the change, is referred to as

a. zero inflation b. creeping inflation c. nominal inflation d. real inflation e. episodic inflation