The law of demand states that
a. demand increases when income increases
b. quantity demand decreases when prices of related goods increase
c. quantity demanded increases when price decreases
d. demand is the willingness to buy products
e. demand increases when population increases
C
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A balance of trade surplus exists when
A. net exports are negative. B. imports exceed exports. C. net exports are positive. D. All of the choices are true.
In the diagram below, the profit maximizing output level is 
A. 0B. B. 0C. C. 0A. D. It is impossible to say.
To eliminate a recessionary gap, the Fed can _____
Fill in the blank(s) with the appropriate word(s).
Currency traders expect the value of the dollar to rise. What effect will this have on the demand for dollars and the supply of dollars in the foreign exchange market?
A) Demand for dollars will increase, and supply of dollars will decrease. B) Demand for dollars will increase, and supply of dollars will increase. C) Demand for dollars will decrease, and supply of dollars will increase. D) Demand for dollars will decrease, and supply of dollars will decrease.