Refer to Figure 24-2. Ceteris paribus, a decrease in the expected future price level would be represented by a movement from

In the short-run, a firm's decision to shut-down should not include

a. Avoidable costs b. Variable costs c. Fixed costs d. Marginal costs

If interest rates increase, what will happen to the demand for reserves?

a. It will shift outward. b. It will shift inward. c. Nothing, the economy will move to a new quantity demanded. d. It depends on what happens to prices.