True or False: A shortage can be eliminated by falling prices.

A recent study claimed that red wine may cause heart disease. As a result, the equilibrium price of red wine ______, and the equilibrium quantity of red wine ______.

When Congress passes a large series of tax cuts into law, it is conducting ____, and this is more desirable in the presence of a ____.

For a PPF, increasing opportunity costs imply that…

True or False: When Professor Rush walks into Professor Knight’s office, he sings Adele’s Hello to announce his arrival. All answers to this question will be accepted.

Suppose that depository institutions do NOT hold excess reserves, and that the reserve requirement is 12.5%. If the Federal Open Market Committee wishes to decrease the money supply by $200 billion, it should initiate ____ worth of open-market ____.

In the figure above, decreasing the capital gains tax on savers could result in a movement from____ in the short run.

Name two weaning mode.

Suppose that the price of dairy cows increases. Simultaneously, the newspaper reports the scientists have identified new benefit from consuming calcium-rich milk. Which of the following statements must be true?

The salary paid to dog groomers falls. As a result, the equilibrium price of puppy haircuts ______ and the equilibrium quantity ______.