A change in the price level in an economy will be depicted by a movement along the AE curve and not by a leftward or rightward movement of the curve
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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The federal funds rate is the interest rate that
A) the Fed charges to banks that borrow from it. B) banks charge the Fed for using their reserves. C) banks charge each other for borrowed money. D) the Fed pays on bank reserves.
Economics
Some oil refineries were damaged by Hurricane Ike of 2008, leading to
A) a decrease in supply of gasoline. B) a decrease in quantity supplied of gasoline. C) a decrease in demand for gasoline. D) a decrease in quantity demanded for gasoline.
Economics