If both supply and demand simultaneously decrease
A) the market clearing price definitely rises, and the equilibrium quantity definitely falls.
B) the market clearing price definitely rises, and the effect on the equilibrium quantity is indeterminate.
C) the market clearing price definitely falls, and the effect on the equilibrium quantity is indeterminate.
D) the effect on the market clearing price is indeterminate, and the equilibrium quantity definitely falls.
D
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U.S. potential GDP is the value of the goods and services produced in the United States ________
A. in the reference base year B. when the U.S. unemployment rate is zero C. when the U.S. economy is at full employment D. when the U.S. inflation rate is zero
The term loanable funds refers to all income that is not used for consumption
a. True b. False Indicate whether the statement is true or false
An open market purchase is where the Fed
What will be an ideal response?
Reserves must be deposited in the Federal Reserve Banks by
A. only commercial banks which are members of the Federal Reserve System. B. all depository institutions, that is, all commercial banks and thrift institutions. C. state chartered commercial banks only. D. federally chartered commercial banks only.