An increase in the equilibrium price and a decrease in the equilibrium quantity can be the result of
A) a decrease in demand.
B) an increase in supply.
C) a decrease in supply.
D) an increase in demand.
E) None of the above.
C
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The production possibilities frontier illustrates
a. the fundamental fact of scarcity. b. the opportunity cost of acquiring more of one good. c. maximum output utilizing all resources efficiently. d. All of the above are correct.
If price were $14, there would be a (shortage or surplus) _____ of _____.
Assuming the Marshall-Lerner condition holds and using the ZZ/Y and NX graphs, illustrate graphically and explain what effect a real appreciation will have on output, exports, imports, and net exports. Clearly label all curves and clearly label the initial and final equilibria
What will be an ideal response?
The exchange rate value of a foreign currency is ________ in the short run by a rise in its expected future spot exchange rate value.
A. not affected B. lowered C. made volatile D. raised