If the equilibrium price of a good increases and the equilibrium quantity of the good decreases, we can conclude that

A) demand decreased. B) supply decreased.
C) supply increased. D) demand increased.

B

Economics

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If the Fed wants to maintain a dollar exchange rate of 1.20 euros per dollar but the exchange rate rises, then in the short run the Fed can

A) buy dollars and buy euros. B) do nothing. C) sell dollars and sell euros. D) buy dollars and sell euros. E) sell dollars and buy euros.

Economics

Gross domestic product (GDP) figures tend to understate the quantity of goods and services available because: a. GDP excludes the value of goods produced at home

b. many items are counted twice or more in the intermediate stages of production. c. more women are entering the labor force. d. firms often add less to inventories than they planned to. e. exports are subtracted from GDP but imports are not added.

Economics