When the government increases its borrowing in the loanable funds market, the likely result is ________ loanable funds traded at a ________ interest rate.

Orange juice drinkers want to consume more orange juice at a lower price. Which of the following events would have this effect?

A) a decrease in the population B) a decrease in the price of orange juice processing C) an increase in the cost of fertilizer used for orange groves D) a decrease in income, assuming orange juice is a normal good

If the money supply in an economy is $300, the price level is $4, and real GDP is $1,500, what is the nominal value of output?

a. $1,200 b. $4,500 c. $6,000 d. $180,000 e. $500