Nick is delighted to see that the price of his favorite food, ...

[washai]

Nick is delighted to see that the price of his favorite food, black olives, has fallen. Which of the following could be responsible?
 a. an increase in the demand for black olives
 b. a decrease in the supply of black olives
 c. a simultaneous increase in demand and decrease in supply of black olives
  d. a simultaneous decrease in demand and increase in supply of black olives

Question 2

Automatic stabilizers in the United States are:
 a. changes in government transfer payments and tax revenues that vary automatically and inversely to business cycle changes.
  b. controlled by the Federal Reserve System to help control the business cycle.
 c. able to completely eliminate all the lag problems associated with fiscal policy.
 d. none of the above.

[perkiness]

Answer to Question 1

d

Answer to Question 2

a

[washai]

YES! Correct, THANKS for helping me on my review

[frankwu0507]

Excellent