Price ceilings will likely result in the growth of black markets
a. True
b. False
Indicate whether the statement is true or false
True
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If Jane Doe puts $1,000 cash into her checking account,
A. M1 increases. B. M1 stays the same. C. M1 decreases.
If the long-run market supply curve is perfectly elastic, an increase in demand will cause the final equilibrium to be at:
A. the original price but with a higher output. B. a higher price with a higher output. C. a higher price but with the same output. D. the original price but at a smaller output.
Efficiency wages paid to workers:
A) equal the lowest pay that workers would accept. B) are wages above the lowest pay that workers would accept. C) equal the marginal revenue product of the workers. D) are wages adjusted for changes in the price level.
If a firm or a nation desires to maximize its output, each productive assignment should be carried out by those persons who...
What will be an ideal response?