Suppose it is discovered that consumption of chocolate leads to a longer life. This information would lead to
A) an increase in quantity demanded of chocolate.
B) an increase in demand for chocolate.
C) a decrease in quantity demanded of chocolate.
D) a decrease in demand for chocolate.
Answer: B
Economics
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If the Fed acts to increase the money supply,
A) it will sell bonds, drive bond prices up, and drive interest rates down. B) it will buy bonds, drive bond prices down, and drive interest rates down. C) it will sell bonds, drive bond prices up, and drive interest rates up. D) it will buy bonds, drive bond prices up, and drive interest rates down.
Economics
A price ceiling is only effective if it is above the market equilibrium
a. True b. False Indicate whether the statement is true or false
Economics