Which of the Following Statements Is True

question 238

Multiple Choice

Which of the following statements is true?

• A)An increase in supply causes a change in equilibrium price; the change in price does not cause a further change in demand or supply.
• B)A decrease in supply causes equilibrium price to rise; the increase in price then results in a decrease in demand.
• C)If both demand and supply increase there must be an increase in equilibrium price; equilibrium quantity may either increase or decrease.
• D)If demand decreases and supply increases one cannot determine if equilibrium price will increase or decrease without knowing which change is greater.

Understand the historical context and development of banking.

Identify the roles and jobs of money in an economy.

Describe the Keynesian motives for holding money.

Differentiate between what is considered money and what is not in the economy.

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Definitions:

Earning Gap

The disparity in income between different demographics, such as between genders or races, often pointing to issues of inequality or discrimination in the workforce.

Career Interruptions

Pauses in a person's career path due to various reasons such as parental leave, personal health issues, or layoffs.

Global Compensation Strategy

The planning and implementation of compensation policies that align with global business objectives, ensuring fair and competitive pay across different geographies.

Home-Country System

The application of an expatriate's home country policies and practices regarding compensation and benefits while working abroad.