In Figure 3-4 above, the shift from Ap0 to Ap1 could have been caused by a rise in net exports of

In the market for oranges, the demand and supply of oranges decrease by the same amount. The equilibrium quantity will ________ and the equilibrium price will ________

A) decrease; not change B) decrease; fall C) remain the same; either rise or fall D) remain the same; rise

If the money supply is $600 and nominal income is $3,600, the velocity of money is

A) 1/60. B) 1/6. C) 6. D) 60.