Using the data in the table above, if the price of a stapler is ...

[burchfield96]

Using the data in the table above, if the price of a stapler is 5, then there is ________ of staplers, and the quantity of staplers demanded ________ the quantity of staplers supplied.
 
  A) a shortage; is greater than
  B) a surplus; is less than
  C) a shortage; is less than
  D) a surplus; is greater than
  E) neither a surplus nor a shortage; equals

Question 2

An open market ________ by the Fed increases the money supply, which leads to ________ interest rates and increased GDP.
 
  A) sale; decreased B) purchase; decreased
  C) purchase; increased D) sale; increased

[LP]

Answer to Question 1

A

Answer to Question 2

B