One can say with certainty that equilibrium price will decline when supply:
A. and demand both decrease.
B. increases and demand decreases.
C. decreases and demand increases.
D. and demand both increase.
Answer: B
Economics
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Traveler's checks are included in
A) M1 only. B) M2 only. C) both M1 and M2. D) neither M1 nor M2.
Economics
An increase in autonomous consumer expenditure causes the equilibrium level of aggregate output to ________ at any given interest rate and shifts the ________ curve to the ________, everything else held constant
A) rise; LM; right B) rise; IS; right C) fall; LM; left D) fall; IS; left
Economics