The above table gives the demand and supply schedules for Blu-ray discs. Suppose that the price of a Blu-ray disc player increases, resulting in the demand for Blu-ray discs decreasing by 8,000 units at all prices
What are the new equilibrium quantity and equilibrium price of Blu-ray discs? A) 8,000 and $8
B) 16,000 and $16
C) 20,000 and $20
D) 28,000 and $28
B
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Positive spending shocks lead to ________ real interest rates ________
A) higher; in both the short and long runs B) higher; in the short run but not in the long run C) lower; in both the short and long runs D) lower; in the short run but not in the long run
Of the following, which country has the highest annual real GDP per capita according to the International Monetary Fund and World Bank?
A. United States B. China C. Italy D. Russia
Net investment can be positive, negative, or zero, but gross investment can never be less than zero. Explain
What will be an ideal response?
When a nation's exports exceed its imports, it has a
A. trade embargo. B. trade shortage. C. trade surplus. D. exchange rate discrepancy.