If there are no unintended changes in inventories, the economy is at its equilibrium level of real gross domestic product (GDP) demanded

The equation of exchange

A) is a theory of the macroeconomy as it stands. B) can be turned into a theory of the macroeconomy if certain assumptions are made about some of its variables. C) cannot be turned into a theory of the macroeconomy. D) is a theory in microeconomics as it stands.

What is the effect on the equilibrium price and equilibrium quantity of orange juice if the price of apple juice decreases and the wage rate paid to orange grove workers increases?? The equilibrium price of orange juice ?______ and the equilibrium quantity? ______.

Fill in the blank(s) with the appropriate word(s).