Refer to the table. exports might be ____ and imports ____.

When the demand of a product increases ______

When the fed buys bonds, its demand _____ the price of bonds, _____ nominal interest rates.

When firms agree to act as a monopoly and set prices they are called __________.

With _____________ demand the price changes, but the amount purchased remains the same.

Gdp equals aggregate income and also equals aggregate expenditure because _______.

Under employment is a situation in which a worker’s skill level is higher than necessary for a job

____ is the point in time when output stops declining, that is, when business activity is at its lowest point in the cycle

The unemployment that results from the persistent mismatch of the skills of workers and the requirements of jobs is ____ employment

The time and inconvenience cost incurred when individuals reduce their money holdings because of inflation is known as shoe leather cost

The price of a specific good compared to the price of other goods is called