What will be an ideal response?If demand and supply both decrease, which of the following is correct?
A. The equilibrium price rises but the impact on the equilibrium quantity is ambiguous.
B. The effect on both the equilibrium quantity and on the equilibrium price is ambiguous.
C. The equilibrium price decreases but the impact on the equilibrium quantity is ambiguous.
D. The equilibrium quantity decreases but the impact on the equilibrium price is ambiguous.
E. The equilibrium quantity increases but the impact on the equilibrium price is ambiguous.
D. The equilibrium quantity decreases but the impact on the equilibrium price is ambiguous.
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________ decreases aggregate supply
A) A rise in the money wage rate B) An increase in potential GDP C) A fall in the money wage rate D) An increase the quantity of capital E) A rise in the price level
Private investment spending escalated during the post-World War II era (1945–50)
Indicate whether the statement is true or false
Susan put $375 into an account and one year later had $405 . What interest rate was paid on Susan's deposit?
a. 5 percent b. 7 percent c. 8 percent d. 10 percent
Banking began in
A. biblical times. B. medieval times. C. the 19th century. D. the 20th century.