If the market clearing price of computer tablets falls from $400 to $300, and the market clearing output decreases from 5 million to 4 million units,

A) demand decreased and supply remained unchanged.
B) supply increased and demand remained unchanged.
C) demand increased and supply remained unchanged.
D) supply decreased and demand remained unchanged.


A

Economics

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Which of the following is an assumption used when drawing a production possibilities frontier?

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Suppose the Fed conducts an open market purchase of bonds. This monetary policy action will tend to cause

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Economics

A cyclical deficit is the portion of the deficit that exists when:

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Economics