An increase in both supply and demand causes which of the following?
a. Equilibrium price falls.
b. Equilibrium price rises.
c. Equilibrium price change is indeterminate.
d. Equilibrium quantity decreases.
e. Equilibrium quantity change is indeterminate.
c
Economics
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Assume that the yuan-dollar nominal exchange rate at the beginning of 2012 was 4 yuan per dollar and at the beginning of 2013 was 6 yuan per dollar
Given this information, identify the currency that appreciated and the currency that depreciated over 2012.
Economics
A liquidity trap is said to exist when a change in monetary policy has no effect on
A) the money supply. B) the natural level of employment. C) aggregate supply. D) interest rates.
Economics