Pork can be used to produce bacon or sausage, but not both. If the price of bacon rises for some reason, then, everything else equal,
a. the price of sausage will rise.
b. the price of sausage will fall.
c. the resources used in raising Pork will become more expensive.
d. the resources used in raising Pork will become less expensive.
a
Economics
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If the Federal Reserve conducts open market ________, the money supply ________, shifting the LM curve to the right, everything else held constant
A) purchases; decreases B) sales; decreases C) purchases; increases D) sales; increases
Economics
In an open economy under flexible exchange rates, expansionary monetary policy that results in an increase in the money supply will always cause
A) an increase in output. B) an increase in exports. C) a reduction in the exchange rate, E. D) all of the above E) only A and C
Economics