If the demand for a product decreases and the supply of the product does not change, equilibrium price and equilibrium quantity will both increase

The founding document of the European Economic Community, and the document that continues to provide the basis for the European Union is the

A) Treaty of Brussels. B) Delors Report. C) Treaty of Rome. D) Single European Treaty. E) Maastricht Treaty.

Okun's law shows that when the unemployment rate is above the natural rate,

A) inflation is higher than expected. B) inflation is lower than expected. C) output is below potential. D) output is above potential.