A higher expected price tomorrow will tend to
A) shift today's demand curve to the left.
B) shift today's demand curve to the right.
C) have no effect on today's demand curve.
D) have no effect on tomorrow's demand curve.
B
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If demand and supply both decrease:
A) both price and quantity will be less. B) both price and quantity will go up. C) price will fall but quantity will go up. D) quantity will go down but the effect on price is indeterminate.
The Federal Reserve responded to the 2008 financial crisis in several ways. Which of the following is one of the ways the Fed responded?
A) The Fed helped Citibank to acquire General Motors and Chrysler. B) The Fed lent investment banks Treasury securities in exchange for mortgage-backed securities. C) The Fed lowered the required reserve ratio on demand deposit accounts in order to increase the amount of bank reserves. D) The Fed banned investment banks from obtaining discount loans.