Which of the following will NOT cause a rightward shift in the supply curve?
A) an improvement in technology
B) a reduction in resource costs
C) a reduction in the expected future price
D) none of the above
D
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If expectations about future income change, there is
A) a decrease saving if people expect income to decrease in the future. B) a decrease in saving if people expect income to increase in the future. C) an increase in saving if people expect income to increase in the future. D) no change in saving until income actually changes. E) a change in the quantity of loanable funds supplied and a movement along the supply of loanable funds curve.
A primary goal of the Fed, if it sought after monetary equilibrium, is to
A) keep interest rates stable. B) keep jobs plentiful. C) keep the quantity supplied of money equal to the quantity demanded. D) get the national debt paid off in a timely manner. E) keep the M1 money supply is tied to the amount of gold reserves held in Fort Knox.