If price were set by the government at $10, there would be a price __________, that would cause a ___________ of ______ units.
A. floor; surplus; 12
B. floor; shortage; 14
C. ceiling; shortage; 12
D. ceiling; surplus; 14
A. floor; surplus; 12
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Briefly explain what is included in the following provisions which are a part of the Patient Protection and Affordable Care Act (ACA):
-the individual mandate -the employer mandate -regulation of private insurers -state health exchanges
According to the quantity theory of money, inflation results when excessive paper money is in circulation
Indicate whether the statement is true or false
Which of the following could be a direct cause of investment spending increasing?
A. The wealth of consumers increasing causing them to radically increase their purchases. B. Interest rates increase. C. A firms costs unexpectedly drop making their profit margin higher. D. Expected future income decreases.
_______ unemployment rises and falls with the business cycle.
a. Frictional b. Systematic c. Cyclical d. Temporary