If there is a surplus of a good, the quantity demanded is ________ the quantity supplied and the price will ________
A) equal to; fall
B) less than; rise
C) less than; fall
D) greater than; fall
E) greater than; rise
C
Economics
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The short-run Phillips curve shows a relationship between the
A) unemployment rate and the interest rate. B) inflation rate and the interest rate. C) price level and real GDP. D) inflation rate and real GDP. E) inflation rate and the unemployment rate.
Economics
The ratio of debt to GDP is much higher in the United States than in most other industrialized nations
Indicate whether the statement is true or false
Economics