Use the figure below to answer the following question.
A decrease in supply would best be reflected by
A. a shift from supply curve A to supply curve C.
B. a movement from point 4 to point 3.
C. a shift from supply curve C to supply curve B.
D. a movement from point 1 to point 2.
Answer: A
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The change in the money supply in an economy is measured as:
a. the difference between the government deficit and government borrowing. b. the sum of a change in high-powered money and the change in tax revenues. c. the difference between government borrowing and government spending. d. the ratio of the change in excess reserves to the deposit expansion multiplier. e. the change in the government budget deficit.
The patent system gives firms greater incentive to engage in research and other activities that advance technology
a. True b. False Indicate whether the statement is true or false