Answer:
The price hike in the price of steel would cause an inflationary push in the U.S. economy, because steel is a input to the production processes of many firms.
In this scenario, the fed would lower the money supply in order to stop the inflationary push from continuing. To do so, the fed would sell government securities.
Answer:
B. They are wants related to needs in Column A
Explanation:
The question is incomplete!!!
Please refer the complete question below:
Which of these is true of the items in Column B in relation to Column A?
Column A- water, safe housing, shirt
Column B- coffee, beach house, designer blouse
Answer Explanation
Needs are based on physiological, personal, or socio-economic requirements necessary for you to function and live, like water, safe housing, etc in Column A
Wants are a means to fulfilling our need like coffee, beach house, etc in Column B
Answer:
Market price; Equilibrium price
Explanation:
The equilibrium price is the market price where the quantity of goods supplied is equal to the quantity of goods demanded. This is the point at which the demand and supply curves in the market intersect. It become hard to reach equilibrium price and quantity when customers infer the quality of a product by its price cos that will inform their purchasing decision.
