A market maker faces the following demand and supply for widgets. Eleven buyers are willing to buy at the following prices: $15, $14, $13, $12, $11, $10, $9, $8, $7, $6, $5 . Eleven sellers are also willing to sell at the same prices. What is the equilibrium quantity in the market
a. 5 units
b. 6 units
c. 7 units
d. 8 units
b
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Refer to Table 19-1. Fill in the missing values in the above table. Assume the Big Mac is selling for $4.79 in the United States. Explain whether the U.S
dollar is overvalued or undervalued relative to each of the other currencies and predict what will happen in the future to each exchange rate.
About _____ of the world's population live in LDCs.
Fill in the blank(s) with the appropriate word(s).
According to the text, which of the following is a determinant of macroeconomic performance?
A. Prices B. Policy levers C. The unemployment rate D. The international value of the dollar
If the money supply in the economy were at MS2, and the Federal Reserve Bank used open market operations to move money supply to MS1 the overall result in the economy would be:
A. Aggregate demand shifted in, causing GDP to fall. B. LRAS move to the FE level of output. C. Aggregate demand shifted out, causing GDP to rise D. Aggregate supply shifted in, causing GDP to fall.