In a market in which the government has set a price ceiling below the equilibrium price:
A. there will be excess supply.
B. the quantity demanded will equal quantity supplied.
C. a black market might develop.
D. quantity supplied will exceed quantity demanded.
Answer: C
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Every week, the Bureau of Labor Statistics produces data on unemployment
a. True b. False Indicate whether the statement is true or false
Which of the following would make both the equilibrium real interest rate and the equilibrium quantity of loanable funds increase?
a. The demand for loanable funds shifts right. b. The demand for loanable funds shifts left. c. The supply of loanable funds shifts right. d. The supply of loanable funds shifts left.
Which of the following policy levers definitely enhances productivity?
A. Higher taxes. B. More government regulation. C. A higher labor to capital ratio. D. Investment in human capital.
An adverse supply shock that is permanent shifts which curve in addition to the curves shifted by one that is temporary?
A. The IS curve B. The LM curve C. The labor demand curve D. The FE line