If population grows faster than income, then per capita income must fall
Indicate whether the statement is true or false
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Under the cartel, the individual firm's quantity is (assuming it obeys its quota) 
Figure 42.2
A. Q1. B. Q2. C. Qa. D. Qb.
The supply and demand for saving are brought into equilibrium by adjustments of the ________ rate.
A. dividend B. real interest C. nominal interest D. discount
If a nation experiences severe drought and real risk-free interest rate rises, then:
a. Aggregate demand rises, and aggregate supply falls. b. Aggregate demand rises, but aggregate supply does not change. c. Aggregate demand falls, and aggregate supply rises. d. Aggregate demand and aggregate supply rise. e. Aggregate demand and aggregate supply fall.
An increase in aggregate demand will have most effect on prices if:
a) Aggregate supply is price inelastic b) Aggregate supply is price elastic c) Aggregate supply has a unitary price elasticity d) Aggregate demand is price inelastic