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Econ Lowdown Post Test Questions | 100% Correct Answers
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A decrease in the price of a good would be illustrated on a supply graph as a: - ANS - Movement along the supply curve downward If the price of one of the resources used to produce a good decreases: - ANS - The supply curve for that good would shift right An improvement in technology used by pro...
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Add to cartA decrease in the price of a good would be illustrated on a supply graph as a: - ANS - Movement along the supply curve downward If the price of one of the resources used to produce a good decreases: - ANS - The supply curve for that good would shift right An improvement in technology used by pro...
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Econ lowdown In Plain English | 100% Correct Answers
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Imagine this scenario: the inflation rate has fallen from 4 percent to 1 percent. How would you label this change in price level? - ANS - disinflation Which of the following is not a monetary policy tool used by the Federal Reserve? - ANS - prime rate Which would most closely reflect the strategy...
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Add to cartImagine this scenario: the inflation rate has fallen from 4 percent to 1 percent. How would you label this change in price level? - ANS - disinflation Which of the following is not a monetary policy tool used by the Federal Reserve? - ANS - prime rate Which would most closely reflect the strategy...
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Econlowdown Monetary Policy Exam Questions with 100% Correct Answers
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In an economy experiencing a recession, with many unemployed resources, an increase in the money supply (M) would most likely lead to which scenario in the short run? - ANS - An increase in the quantity of goods and services produced (Q) and then an increase in the price level (P) If the money su...
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Add to cartIn an economy experiencing a recession, with many unemployed resources, an increase in the money supply (M) would most likely lead to which scenario in the short run? - ANS - An increase in the quantity of goods and services produced (Q) and then an increase in the price level (P) If the money su...
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