If Orange Juice and Apple Juice Are Substitutes, an Increase

question 34

True/False

If orange juice and apple juice are substitutes, an increase in the price of orange juice will shift the demand curve for apple juice to the right.

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Definitions:

Treasury Bonds

Long-term government securities issued by the U.S. Department of the Treasury with the purpose of financing federal debt.

Money Supply

The total amount of monetary assets available in an economy at any specific time, including cash, coins, and balances held in checking and savings accounts.

Open-Market Purchases

Actions by a central bank to buy securities in the open market to increase the money supply.

Bank Deposits

Money placed into banking institutions for safekeeping, which can include savings accounts, checking accounts, and certificates of deposit.