An increase in demand, with no change in supply, will lead to ________ in equilibrium quantity and ________ in equilibrium price.

Policies that restrict supply could generate an increase in social welfare because the increase in producer surplus could exceed the decrease in consumer surplus

Indicate whether the statement is true or false

Most economists agree that a well-designed central bank would:

A. be independent of political pressure. B. make its policy actions difficult to interpret. C. be run by one key policy maker. D. be accountable only to other banks.