The real resource a government earns when it prints money and spends it on goods and services is called

If a freeze destroys oranges before they are harvested, the equilibrium price of an orange ________ and the equilibrium quantity ________

A) rises; increases B) rises; decreases C) falls; increases D) falls; decreases E) does not change; decreases

In the above figure, the economy will be at full employment if the price level

A) is 110. B) is above 110. C) is below 100. D) All of the above are possible because the economy will be at full employment at any price level at, above, or below 110.