The price of a good that Joe is currently consuming has increased.
A. Joe will experience increasing marginal utility.
B. Joe will experience a shift in the demand curve of the good whose price has increased.
C. Joe will stop consuming this good.
D. Joe has experienced a decrease in purchasing power.
Answer: D
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In the above figure, new expectations of booming business conditions and a higher expected profit will
A) shift the demand for loanable funds curve leftward. B) shift the demand for loanable funds curve rightward. C) have no effect on the demand for loanable funds curve. D) make the demand for loanable funds curve become horizontal.
For all practical purposes, a nation's monetary base is controlled by:
a. The government, financial institutions, and the central bank. b. The central bank. c. The International Monetary Fund and World Bank. d. Individuals and financial institutions, by means of their preferred asset ratios, and the central bank. e. No one because the monetary base is a free market quantity that is determined, like many macroeconomics variables, by the forces of supply and demand.