What will happen when there is a rightward shift in the demand curve?
A) The product price will instantaneously adjust downward.
B) Product prices do not change in this situation.
C) Producers will decrease the product price.
D) A new, higher price is not instantaneously achieved, but the price will rise over time.
D
Economics
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Use a graph to show the differences in the central bank reaction function if the Fed is more tolerant or less tolerant of deviations from inflation in the short run
What will be an ideal response?
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Economists would describe a labor union as a
a. trade organization. b. necessity for competitive labor markets. c. labor monopoly. d. pure monopsony.
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