Quantity supplied refers to the amount of a good or service that a firm is willing and able to supply at a given price

Where is the interest rate determined in the classical model?

a. In the goods market b. In the loanable funds market c. By the federal government d. By the Fed e. Where aggregate expenditure equals GDP.

A decrease in the supply of a good will result in a rightward shift in the demand curve for the good

a. True b. False Indicate whether the statement is true or false