Suppose the Federal Reserve buys bonds from the banking system, the money supply curve ________.
A. will become flatter
B. will become steeper
C. shift to the left
D. shift to the right
Answer: D
Economics
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When the price level rises less than expected, a firm with a sticky price will sell its output at a price that is
a) more than the firm desires and increase its production. b) more than the firm desires and decrease its production. c) less than the firm desires and increase its production. d) less than the firm desires and decrease its production.
Economics
When the percentage change in quantity supplied is equal to the percentage change in price, supply is said to be inelastic
Indicate whether the statement is true or false
Economics