The additional incentive that the purchaser of a Treasury security requires to buy a long-term security rather than a short-term security is called the

Refer to the table above. If exports increase by $4,000 in the next year, ________, all other variables remaining unchanged

A) trade surplus will increase by $2,000 B) trade deficit will increase by $2,000 C) gross domestic product will increase by $4,000 D) gross domestic product will decrease by $4,000

Suppose the equilibrium price of oranges is $2.00 per pound. If the actual price is above the equilibrium price a

A) shortage exists, and the price falls to restore equilibrium. B) surplus exists, and the price rises to restore equilibrium. C) shortage exists, and the price rises to restore equilibrium. D) surplus exists, and the price falls to restore equilibrium. E) surplus exists, but nothing happens until either the demand or the supply changes.