What will happen to the equilibrium quantity and price of salmon in a competitive market when there is an equal decrease in demand and supply?
A. Equilibrium quantity and price will both increase
B. Equilibrium quantity and price will both decrease
C. Equilibrium quantity will decrease and equilibrium price will stay the same
D. Equilibrium quantity will stay the same and equilibrium price will increase
C. Equilibrium quantity will decrease and equilibrium price will stay the same
Economics
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Every economy has a(n) _______ given by the fundamental factors of growth.
A. actual inflation rate B. actual growth rate C. potential growth rate D. potential inflation rate
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When real GDP is below natural real GDP, the unemployment rate is
A) rising. B) above the average unemployment rate. C) falling. D) below the average unemployment rate.
Economics