If aggregate quantity supplied exceeds aggregate quantity demanded, we can expect an unplanned
a. depletion of inventories, causing firms to raise prices.
b. depletion of inventories, causing firms to lower prices.
c. accumulation of inventories, causing firms to raise prices.
d. accumulation of inventories, causing firms to lower prices.
d
Economics
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Truth-in-lending laws require that _____.
(A) Banks lend each other funds using the federal funds rate. (B) Bank holding companies offer the same interest rates at all of their member banks. (C) Sellers provide full and accurate information about loan terms. (D) Banks allow Federal Reserve examiners to audit their financial activities.
Economics
A straight-line demand curve has the same elasticity throughout its length
a. True b. False Indicate whether the statement is true or false
Economics