Suppose the market for hospital outpatient treatment is in equilibrium when a price ceiling is set below the equilibrium price. What do you expect to happen?
a. The number of outpatient visits will rise.
b. A surplus will develop.
c. Quantity demanded will decrease.
d. Quantity supplied will increase.
e. A shortage will develop
e. A shortage will develop
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The data in the table above are the U.S. balance of payments. The current account balance is
A) $140 billion. B) $155 billion. C) $170 billion. D) -$45 billion.
An economist would classify 100 shares of Apple Computer stock as capital
a. True b. False
An equilibrium in both the nation's money market and product market is referred to as a ________ equilibrium
Fill in the blank(s) with correct word
A decrease in the discount rate would be an example of
A. expansionary fiscal policy. B. contractionary monetary policy. C. expansionary monetary policy. D. contractionary fiscal policy.