If the supply and demand for a product both increase at the same time, the equilibrium price and equilibrium quantity of the product will both increase, ceteris paribus.
Answer the following statement true (T) or false (F)
False
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The Board of Governors of the Federal Reserve consists of ____________ members appointed by the President of the United States and confirmed by the Senate for 14-year terms.
a. nine b. four c. seven d. five
If the price were $6 each, her consumer surplus would be
Table: Demand and Utility Schedules for packs of scented candles
A. $26.
B. $18.
C. $13.
D. $3.
the banking system in the United States creates money through the combination of excess reserves and
What will be an ideal response?
An increase in income taxes ________ employment and ________ potential GDP
A) increases; increases B) increases; does not change C) decreases; decreases D) does not change; does not change E) increases; decreases