Assuming everything else stays the same, an increase in the price of smartphones will __________ of smartphones.
a) increase the supply
b) increase the quantity supplied
c) decrease the quantity supplied
d) decrease the supply
b) increase the quantity supplied
Economics
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A ________ occurs when a country's exports exceed its imports
A) trade surplus B) budget surplus C) trade deficit D) fiscal deficit
Economics
As the real interest rate ________, the real investment spending ________
A) decreases; decreases B) increases; decreases C) increases; increases D) changes; does not change
Economics
Explain why the budget deficit and the trade deficit are sometimes referred to as the "twin deficits."
What will be an ideal response?
Economics
Members of the Board of Governors of the Federal Reserve System are appointed for life
a. True b. False Indicate whether the statement is true or false
Economics