An increase in demand coupled with an increase in supply results in a(n)
a. increase in price and an ambiguous effect on equilibrium quantity
b. increase in equilibrium quantity and a decrease in equilibrium price
c. decrease in equilibrium quantity and an ambiguous effect on equilibrium price
d. increase in economic rent
e. ambiguous effect on equilibrium price and an increase in equilibrium quantity
E
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What is the formula for the government budget deficit? Why might it be appropriate for most governments, most of the time, to have a deficit (rather than surplus)?
What will be an ideal response?
The two best known bond rating services are:
A. Standard & Poor's and the Wall Street Journal. B. the Federal Reserve and the U.S. Treasury. C. the Federal Reserve and Moody's Investment Services. D. Standard & Poor's and Moody's Investment Services.