Assuming that coffee and tea are substitutes, a decrease in the price of coffee will result in
a. A leftward shift in the demand for tea
b. A downward movement along the demand curve for tea.
c. A rightward shift in the demand for tea.
d. An upward movement along the demand curve for tea.
a
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The Fed conducts reverse repurchase agreements with:
A. banks only. B. the federal government only. C. banks and financial institutions other than banks. D. only financial institutions that are not banks, such as the federal government.
Job A is hard, dull, and dangerous. Job B is easy, fun, and safe. All else equal, we would expect Job A to pay
a. higher wages than Job B because the labor supplied for Job B will be greater. b. lower wages than Job B because the labor supplied for Job B will be greater. c. higher wages than Job B because the labor supplied for Job A will be greater. d. lower wages than Job B because the labor supplied for Job A will be greater.