Members of the Board of Governors of the Federal Reserve System are appointed for life

Other things being equal, the effects of an increase in the price of crackers on the market for soup is represented by a(n):

a. downward movement along the demand curve for soup. b. upward movement along the demand curve for soup. c. rightward shift in the demand curve for soup. d. leftward shift in the demand curve for soup.

When the price of a key input to production increases, the supply curve decreases, or shifts to the left

a. True b. False Indicate whether the statement is true or false