If supply of a product increases and demand for the product decreases, equilibrium quantity will definitely change.
Answer the following statement true (T) or false (F)
False
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If the monthly unemployment rate increase mentioned in the Application was a temporary aberration, the best economic decision by the committee would be to
A) not change monetary policy. B) increase the money supply to stimulate the economy. C) decrease the money supply to stimulate the economy. D) decrease the money supply to slow the economy down.
When a country removes trade barriers and imports appliances and exports engineering services,
a. its growth slows. b. its productivity decreases. c. it is essentially transforming engineering services into appliances. d. its economic well-being decreases while that of the country that sells appliances increases.
Fiscal policy works principally through shifts of the aggregate demand curve.
Answer the following statement true (T) or false (F)
Government spending that changes automatically without action by Congress is
A. payments to contractors for routing services performed. B. national defense. C. a noncontrollable expenditure. D. discretionary payments.