Suppose improvements in technology cause the supply of natural gas to increase and at the same time the demand for natural gas increases. What are we sure of?
A. equilibrium price decreases
B. equilibrium quantity increases
C. both equilibrium price and quantity increase
D. equilibrium quantity decreases
E. equilibrium price increases
B. equilibrium quantity increases
Economics
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An expansionary monetary policy raises firms' cash flows by ________ interest rates
A) lowering real B) lowering nominal C) raising real D) raising nominal
Economics
If an epidemic hits a Malthusian economy, the immediate consequence is
A) an increase in the standard of living. B) a reduction in the standard of living. C) no change in the standard of living. D) dependent on the population growth rate.
Economics