« previous next »

Author Question: If the equilibrium price of a good increases and the equilibrium quantity of the good decreases, we ... (Read 161 times)

stephzh

  • Hero Member
  • *****
  • Posts: 556
on: Jun 30, 2018
If the equilibrium price of a good increases and the equilibrium quantity of the good decreases, we can conclude that
 
  A) demand decreased. B) supply decreased.
  C) supply increased. D) demand increased.

Question 2

Which of the following is true?
 
  A) Potential GDP fluctuates around nominal GDP.
  B) Nominal GDP fluctuates around real GDP.
  C) Real GDP never equals potential GDP.
  D) The Okun Gaps are much larger than the Lucas Wedge.
  E) Real GDP fluctuates around potential GDP.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
Buy Test-Bank


frejo

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

E


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Testing Infant’s Understanding of Quantity Testing Infant’s Understanding of Quantity
Vapour-liquid equilibrium acetone + water Vapour-liquid equilibrium acetone + water
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
Carrots are a good source of vitamin A Carrots are a good source of vitamin A
The decay rate of a radioactive sample decreases from 175 kBq to 12.4 kBq in 18.3 s. What is ... The decay rate of a radioactive sample decreases from 175 kBq to 12.4 kBq in 18.3 s. What is ...
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Major Elements in Biological Molecules: Carbohydrates

For a complete list of videos, visit our video library