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Hello, I could really use some help on these three problems! Assume a competitive market is in equilibrium. Then, demand increases slower than supply decreases.

Hello, I could really use some help on these three problems!

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Assume a competitive market is in equilibrium. Then, demand increases slower than supply decreases. As a result, what happens to the equilibrium price and quantity? . will increase . will increase . will decrease . will decrease . will remain the same . will remain the same . may increase, decrease, or remain . may increase, the same decrease, or remain the same Suppose nominal GDP2014 = $ 9,787 Billion, the GDP deflator2014 = 105, and the population2014 = 158 million. Type your answerin the box below. Round your answers at 2 decimal places--you must round the answer for Real GDP before you calculate Real GDP per capita. Real GDP per capita for 2014 = $Suppose the government estimates that there is a $240 Billion expansionary gap, and the MP0 is 0.75. If Congress decides to change government spending (G), how much would they need to increaseldecrease government spending by in order to close the gap? Congress would need to government spending by $.Billion (round at 2 decimal places) 0 increase decrease If Congress decides to change taxes (T), how much would they need to increaseldecrease taxes by in order to close the gap? Congress would need to taxes by $.Billion (round at 2 decimal places) increase 0 decrease

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