Assume that the demand curve for MP3 players shifts to the right and the supply curve for MP3 players shift to the left, but the supply curve shifts more than the demand curve. As a result
A) the equilibrium price of MP3 players will decrease; the equilibrium quantity will increase.
B) both the equilibrium price and quantity of MP3 players will decrease.
C) the equilibrium price of MP3 players may increase or decrease; the equilibrium quantity will decrease.
D) the equilibrium price of MP3 players will increase; the equilibrium quantity will decrease.
D
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The income left in the economy after paying for all consumption spending by households and government spending is called _____
a. disposable income b. household saving c. national saving d. national income
If a nation is going to achieve and sustain a high rate of economic growth, it must
What will be an ideal response?
The nominal exchange rate is the
a. nominal interest rate in one country divided by the nominal interest rate in the other country.
b. the ratio of a foreign country's interest rate to the domestic interest rate.
c. rate at which a person can trade the currency of one country for another.
d. the real exchange rate minus the inflation rate.
The interest rate, as it appears on paper in a contract, is the:
A. nominal interest rate. B. short-term interest rate. C. real interest rate. D. long-term interest rate.