A shortage of textbooks will cause
a. a decrease in the supply of textbooks
b. a decrease in the demand for textbooks
c. both an increase in the supply of textbooks and a decrease in the demand for textbooks
d. an increase in the price of textbooks, caused by a shift of either the supply curve or the demand curve
e. an increase in the price of textbooks
E
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In the figure above, if the market is unregulated,
A) more than the efficient amount of output will be produced. B) less than the efficient amount of output will be produced. C) the allocation of resources will be efficient because the efficient amount of output will be produced. D) the deadweight loss will be zero.
An increase in the money supply will cause the nominal interest rate to ________ and the quantity of money to ________
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease