Which category has the highest amount of state and local spending?

Under fixed exchange rate, the response of an economy to a temporary fall in foreign demand for its exports is

A) the currency appreciates, and output falls. B) the currency depreciates, and output falls. C) the currency remains the same, and output decreases. D) the currency depreciates, and output remains constant. E) the currency appreciates, and output remains the same.

Which of the following would definitely cause an increase in the equilibrium price and an increase in the equilibrium quantity of watermelons?

A) an increase in demand and an increase in supply B) an increase in supply C) an increase in supply and an increase in demand greater than the increase in supply D) a decrease in demand and an increase in supply