The population of tuna in the Pacific Ocean unexpectedly soars so it becomes easier to catch tuna. Which of the following would most likely happen first?
a. The price of tuna would remain constant.
b. The price for tuna would increase
c. The supply of tuna would increase.
d. The demand for tuna would increase.
c. The supply of tuna would increase.
Economics
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In the equation of exchange, the concept that provides the link between M and PY is called
A) the velocity of money. B) aggregate demand. C) aggregate supply. D) the money multiplier.
Economics
Buchanan and Wagner assert that there is a political bias toward contractionary fiscal policy and not expansionary fiscal policy
Indicate whether the statement is true or false
Economics