A simultaneous increase in demand and decrease in supply would lead to:
a. An increase in the equilibrium price and a decrease in the quantity sold
b. An increase in both the equilibrium price and the quantity sold.
c. A decrease in both the equilibrium price and the quantity sold.
d. An uncertain effect on the equilibrium quantity but an increase in the equilibrium price.
d
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When the dollar appreciates, the cost to Americans of foreign goods
A. rises and the CPI falls. B. rises and the CPI rises. C. falls and the CPI rises. D. falls and the CPI falls.
Under the Sarbanes-Oxley Act of 2002, the provision that established the PCAOB to supervise accounting firms is an example of
A) regulate for transparency. B) supervisory oversight. C) separation of functions. D) socialization of information production.
If Md = 2,600 – 200r, the MPC = .75, G=100, and T = 100 . If the central bank wants the interest rate to be r=2, then the money supply must be
a. 5. b. 400 c. 300 d. 3,000 e. not enough information was given.
Cyclical unemployment happens because
A. businesses make strategic errors. B. of the ups and downs of the business cycle. C. of government intervention. D. inflation rates vary.