In 2011,the Price of Peanuts Was Rising,which Lead Peanut Butter

question 464

Multiple Choice

In 2011,the price of peanuts was rising,which lead peanut butter sellers and peanut butter buyers to expect the price of peanut butter would rise in the future.In the current market for peanut butter,the price falls and the quantity decreases.This set of results means that

• A) supply decreased by more than demand increased.
• B) demand increased by more than supply decreased.
• C) demand increased by more than supply increased.
• D) supply decreased by more than demand decreased.

---

Definitions:

Glass-Steagall Act

A U.S. law enacted in 1933, which separated commercial banking from investment banking, repealed in 1999.

1999 Repeal

Refers to the revocation of a law or act; often mentioned in economic contexts, such as the repeal of financial regulations or acts in 1999.

Financial Crisis

A situation where the value of financial institutions or assets drops rapidly, leading to a loss of wealth, reduced access to credit, and, in some cases, bank failures.

Central Banks

Institutions that manage the currency, money supply, and interest rates of a state or country.