If the price of a good decreases by 10% and the quantity demanded increases by 5%, then at that price, the good is

According to your text, when a shortage exists,

A) buyers compete with buyers. B) buyers compete with sellers. C) sellers compete with sellers. D) the price of the good would tend to fall in order to eliminate the shortage.

An excess demand for money will result in all the following, except:

a. an excess supply of bonds. b. a rise in investment spending. c. a fall in bond prices. d. a fall in consumption spending. e. a fall in equilibrium real GDP.