If a nonbinding price ceiling is imposed on a market, then the
a. quantity sold in the market will decrease
b. quantity sold in the market will stay the same.
c. price in the market will increase.
d. price in the market will decrease.
b
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Which of the following is one reason for the decline in aggregate demand that led to the recession of 2007-2009?
A) falling oil prices B) increases in housing prices C) a decline in government spending D) the financial crisis
Which of the following economic perspectives for decision making is a statement that describes the world as it is?
a. Positive statement b. Normative statement c. Cognitive statement d. Reflective statement
When disposable income is 2000, C is
A. 2000.
B. 2200.
C. 2400.
D. 2600.
Germany Inc refers to:
a. the use of corporations to produce output b. the close relationship between government and business c. raising capital through stock markets d. interlocking directorates and cross holdings e. none of the above