Refer to the above table. At a price of $15 per unit, which of the following would exist?
A shortage of 1,600 units
A surplus of 600 units
A shortage of 1,000 units
A surplus of 1,000 units
A shortage of 1,000 units
You might also like to view...
The largest spending category for state governments is
A) welfare. B) health care. C) education. D) highway construction.
According to _________, liberal programs survive attempts by conservative administrations to eliminate them because of the "tyranny of the status quo."
a. Arthur Schlesinger, Jr. b. Wagner's Law c. Milton and Rose Friedman d. Robert Higgs
All Fed purchases and sales of
a. corporate stocks and bonds are conducted at the New York Fed's trading desk. b. government bonds are conducted at the New York Fed's trading desk. c. real estate and other real assets are conducted by the Federal Open Market Committee. d. All of the above are correct.
If the economy is to have automatic stabilizers, when real GDP rises:
A. tax revenues should rise. B. government spending should not change. C. government spending should rise. D. tax revenues should fall.