Which of the following products would be sold in a competitive market?

When supply increases and the supply curve shifts to the right, equilibrium price ________ and equilibrium quantity ________

A) increases; decreases B) decreases; decreases C) increases; increases D) decreases; increases

The money multiplier formula _____.

(A) Is used by the Board of Governors to decide interest rate cuts. (B) Determines the amount of new money that will be created with each demand deposit. (C) Determines the amount of funds loaned by the Federal Reserve Bank to its members. (D) Is used by the Fed to determine the amount of currency in the economy.