A shortage tends to put ________ pressure on the price of the product, which ________ the quantity demanded
A) upward; increases
B) upward; decreases
C) downward; increases
D) downward; decreases
B
Economics
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All of the following took place during the Great Depression EXCEPT
A) an increase in unemployment from about 3.4 percent to about 25 percent and a decrease in real GDP by about 30 percent between 1929 in 1933. B) an increase in taxes because of the fear that budget deficits would undermine business confidence. C) a fall in the money supply by more than 30 percent. D) a rise in inflation during the early 1930s.
Economics
Why does a larger government budget deficit increase the magnitude of the crowding-out effect?
Economics