The equilibrium quantity is
A. always less than the equilibrium price.
B. an amount lower than producers want to sell.
C. an amount higher than consumers want to buy.
D. the amount exchanged at the equilibrium price.
Answer: D
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If there is an excess supply of money
A) individuals sell bonds, causing the interest rate to rise. B) individuals sell bonds, causing the interest rate to fall. C) individuals buy bonds, causing interest rates to fall. D) individuals buy bonds, causing interest rates to rise.
In a small country, the adult population equals 10,000. In that country, 8,000 people are in the labor force and 200 people are unemployed. The unemployment rate equals
A. 2.5 percent. B. 2 percent. C. 4 percent. D. an undetermined amount given the lack of information.
Countries in which region experienced disruptive capital flows in 1997-98?
A) Eastern Europe B) Western Europe C) Latin America D) East Asia
Which of the following cannot be classified as a market structure?
a. Perfect Competition b. Monopoly c. All of the above d. None of the above