When demand falls and supply stays the same, equilibrium price ______ and equilibrium quantity ________.

The account that records the receipts from the exports of goods and services sold abroad, the payments for imports of goods and services from abroad, net interest income paid abroad, and net transfers is the ________

A) current account B) official settlements account C) international capital account D) capital and financial account

Refer to Figure 9.1. Assume the economy is initially at point A. The eventual change from a shock that increases investment expenditure is best represented by which long-run equilibrium combination of price level and real GDP?

A) P2; Y2 B) P3; Y1 C) P1; Y2 D) P2; Y1