If price was set by the government at $4, there would be a price _____________, that would cause a ___________ of _______ units.
A. floor; surplus; 8
B. floor; surplus; 10
C. ceiling; shortage; 8
D. ceiling; shortage; 12
D. ceiling; shortage; 12
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Which of the following is always a violation of the antitrust law?
A) price fixing among competitors B) resale price maintenance C) tying arrangements D) predatory pricing
Starting at full employment (RGDPNR), a. expansionary monetary policy can potentially result in increased real output, but only in the short run
b. expansionary monetary policy can potentially result in increased real output in both the short run and long run. c. contractionary monetary policy can potentially result in increased real output, but only in the short run. d. contractionary monetary policy can potentially result in increased real output in both the short run and long run.
The federal government in 2007 accounted for approximately _____ percent of all government spending
a. 15 b. 25 c. 40 d. 60 e. 85
In the aggregate demand–aggregate supply model, a decrease in income taxes can be illustrated by an
A. outward shift of the aggregate demand curve. B. inward shift of the aggregate demand curve. C. inward shift of the aggregate supply curve. D. outward shift of the aggregate supply curve.