An increase in demand and a decrease in supply will lead to an
A) unambiguous increases in both price and quantity.
B) unambiguous decreases in both price and quantity.
C) an unambiguous increase in quantity, but the effect on price is indeterminate.
D) an unambiguous increase in price, but the effect on quantity is indeterminate.
Answer: D
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Arbitrage operations can be executed
A) in foreign exchange markets. B) in goods markets. C) Both A and B. D) None of the above.
Keynes's theory of the demand for money is consistent with ________ movements in ________
A) countercyclical; velocity B) procyclical; velocity C) countercyclical; expectations D) procyclical; expectations
When the Social Security surplus is used to cover the current operating expenses of the federal government, it will
a. make it easier for future taxpayers to provide promised Social Security benefits to baby boomers. b. reduce the outstanding debt of the federal government. c. make it possible for Congress and the president to spend more without raising current taxes or borrowing from the general public. d. increase the credibility of the Social Security benefits promised to future retirees.
The Clean Air Act of 1992 focused on
A. greenhouse gases. B. smog. C. acid rain. D. the ozone layer.