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If a supply curve goes through the point P = $10 and Qs = 320, then
a. $10 is the highest price that will induce firms to supply 320 units
b. $10 is the lowest price that will induce firms to supply 320 units
c. at a price higher than $10 there will be a surplus
d. at a price lower than $10 there will be a shortage
Which of the following will decrease the nominal deficit? A. An increase in taxes. B. An increase in the debt. C. An increase in government expenditures. D. An increase in interest
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