An increase in demand:
a. results in a leftward shift of the demand curve.
b. could be caused by a decrease in the price of the good.
c. could be caused by an increase in the price of a substitute good.
d. is shown as movement down along a demand curve.
c
Economics
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The interest rate target emphasized in recent Federal Open Market Committee press releases is the
A) discount rate. B) prime rate. C) federal funds rate. D) equilibrium rate.
Economics
Strong evidence of convergence exists for ________
A) wealthy nations that belong to the Organization for Economic Cooperation and Development B) both rich and poor nations C) sub-Saharan African economies and the economies of North America D) European and Caribbean economies
Economics