In the figure above, international trade ________ consumer surplus in the United States by ________

A) decreases; $2.88 billion
B) decreases; $1.92 billion
C) increases; $2.88 billion
D) increases; $4.8 billion

A

Economics

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Three variables are related and two of them are plotted in a figure. If the variable that is not measured on either the x-axis or the y-axis changes, then there is

A) a movement along the drawn curve. B) no impact on the curve because the variable is not measured on either of the axes. C) a shift in the curve. D) either a shift in the curve or a movement along the curve, but more information is needed to determine which. E) None of the above answers is correct.

Economics

In the money market, in the short run in order to decrease the nominal interest rate, the Fed must

A) increase the discount rate. B) increase the quantity of money. C) decrease the quantity of money. D) decrease the demand for money. E) directly lower the interest rate and not change either the demand for money or the supply of money.

Economics