Which of the following events would result in an increase in the demand for natural gas, causing the demand curve to shift outward?
A. A decrease in the price of electricity
B. An increase in the price of furnaces
C. An increase in the price of heating oil
D. A decrease in the price of natural gas
Answer: C
Economics
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Table 10-1 Aggregate Quantity Aggregate Quantity ? Demanded Supplied Price (billions) (billions) Level $3500 $2900 65 3400 3000 75 3350 3150 90 3250 3250 110 3100 3400 130 In Table 10-1, what is the equilibrium level of real output and the equilibrium price?
A. $3,100 real output and a price of 75 B. $3,250 real output and a price of 110 C. $3,350 real output and a price of 90 D. $3,400 real output and a price of 75
Economics
Net exports are defined as:
A. GDP minus exports. B. exports plus imports. C. imports less exports. D. exports less imports.
Economics