If a product becomes more popular (a) Which curve will shift? (b) Along which curve will price and quantity move? (c) At a new equilibrium, will price be higher or lower. (d) At a new equilibrium, will quantity be higher or lower.

Mark all that apply.  Contractionary fiscal policy involves:

True or False.  Barter involves the direct exchange of a good or service for another, with the use of money.

Airplanes burn fuel, and therefore emit carbon dioxide, which is a ________ externality since it pollutes the air and contributes to climate change. Fill in the blank write you answer all in lower case.

If a product becomes more popular (a) Which curve will shift? (b) Along which curve will price and quantity move? (c) At a new equilibrium, will price be higher or lower. (d) At a new equilibrium, will quantity be higher or lower.

Printers laid off due to drop in demand for printed catalogues and flyers as firms go the internet to promote an advertise their products.  What type of unemployment occurred?

True or False.  Barter involves the direct exchange of a good or service for another, with the use of money.

By raising or lowering the ______, the Fed changes the cost of money for banks, which impacts the incentive to borrow reserves.

True or False.  The financial crisis of 2007 and 2008 occurred because bank were willing to give out more sub prime loans knowing the risk was less due to the secularization of loans occurring at this time.

An increase in supply and decrease in demand results in