Which of the following is an example of a price ceiling?
A. Subsidies for apartment rent in major cities.
B. Price supports for agricultural products.
C. Minimum-wage laws for unskilled workers.
D. Limits on interest rates charged by credit card companies.
Answer: D
You might also like to view...
Monetary policy has no effect on the equilibrium interest rate if
A) the inflation rate is zero. B) the economy is in the liquidity trap. C) velocity is constant. D) the economy is at full employment.
The expected value of a basket with different outcomes is
a. the average of the values of the different outcomes. b. the average of the values of different outcomes multiplied by the average of the probabilities of the outcomes. c. the sum of the values of the different outcomes. d. the sum of the value of each outcome multiplied by its probability.
When the economy is operating at full capacity we are in the _____ range of the aggregate supply curve.
Fill in the blank(s) with the appropriate word(s).
The Lehman Brothers bankruptcy triggered a financial panic that featured a(n)
A. increase in Treasury interest rates and an increase in most other interest rates. B. increase in Treasury interest rates and a decrease in most other interest rates. C. decrease in Treasury interest rates and an increase in most other interest rates. D. decrease in Treasury interest rates and a decrease in most other interest rates.