When the electronics retailer Circuit City closed its stores following the 2008 recession, the market supply of electronic goods:
A. decreased, causing the market price to fall.
B. decreased, causing the market price to rise.
C. increased, causing the market price to rise.
D. increased, causing the market price to fall.
Answer: B
Economics
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A set of combinations of nominal interest rates and GDP, for which the demand for money is equal to the supply of money, is the:
A) IS curve. B) aggregate expenditure line. C) supply curve. D) LM curve.
Economics
In the IS curve, if Y increases for any given level of the real interest rate ________
A) consumption increases B) output decreases C) saving decreases D) all of the above E) none of the above
Economics