According to the "law" of demand, we would expect
a. the demand curve to be negatively sloped.
b. the demand curve to be positively sloped.
c. the total quantity demanded by the market to move in the same direction as price.
d. marginal utility to increase as quantity demanded increases.
a
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Everything else held constant, in the market for reserves, when the supply for federal funds intersects the reserve demand curve along the horizontal section of the demand curve, lowering the interest rate paid on excess reserves
A) increases the federal funds rate. B) lowers the federal funds rate. C) has no effect on the federal funds rate. D) has an indeterminate effect of the federal funds rate.
All of the following would shift a product's demand curve except a(n): a. increase in the price of the product
b. decrease in consumer income. c. increase in the price of a substitute. d. increase in the price of a complement.