Assuming that the demand and supply of a good both decreased by the same amount, the new equilibrium would represent:
a. an increase in price and an increase in quantity exchanged.
b. no change in price and an increase in quantity exchanged.
c. a decrease in price and a decrease in quantity exchanged.
d. no change in price, and decrease in quantity exchanged.
Question 2
M1 includes currency, checkable deposits, traveler's checks, and savings deposits
a. True
b. False
Indicate whether the statement is true or false
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