When the demand and supply of grapes both decrease at the same time, we can safely predict that the:
a. price of grapes will fall
b. price of grapes will rise.
c. quantity of grapes exchanged will fall.
d. quantity of grapes exchanged will rise.
c
Economics
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If the average annual growth rate in real GDP for a nation during the last decade was 4 percent per year and the average annual population growth rate was 3 percent per year during the same period, then the average annual growth rate of per capita
GDP was A) 1.00 percent. B) 1.33 percent. C) 0.75 percent. D) -1.00 percent.
Economics
The Chairman of the Federal Open Market Committee is also
A) the president of the Federal Reserve Bank of New York. B) the chairman of the Securities and Exchange Commission. C) the chairman of the Federal Deposit Insurance Corporation. D) the chairman of the Board of Governors.
Economics