If both market demand and supply increase simultaneously, then equilibrium quantity will (be) ____ and equilibrium price will (be) ____
a. indeterminate; decrease
b. increase; increase
c. increase; indeterminate
d. decrease; decrease
c
Economics
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Which of the following is classified as an intermediate good?
i. the purchase of a Big Mac by a college student ii. McDonald's purchase of pickles iii. a McDonald's restaurant owner's interest payment for the loan on her building A) ii only B) ii and iii C) i and iii D) i only E) i, ii and iii
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What is meant by terms of trade? How is it determined?
What will be an ideal response?
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What is the real GDP in year 1 using base year 1?
A) $418. B) $300. C) $360. D) $338.
Economics
Since the Great Depression, business fluctuations have become more severe and longer in duration
a. True b. False Indicate whether the statement is true or false
Economics