When a price ceiling that has an impact is imposed, it has the effect of
A. decreasing quantity supplied and increasing quantity demanded.
B. decreasing both quantity supplied and quantity demanded.
C. increasing quantity supplied and decreasing quantity demanded.
D. increasing both quantity supplied and quantity demanded.
A. decreasing quantity supplied and increasing quantity demanded.
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Which of the following is an example of a "how much" decision?
A) The Zhous have demolished their old home and are debating whether to build a ranch-style house or a Craftsman home. B) The Pleasantville movie theatre is open only in the evenings. The theatre's manager is debating whether to add daily matinee shows. C) You're planning to hold a graduation party and must decide between having your party catered or having a pot-luck. D) Chelsea has withdrawn from the swim team to take a full-time job.
Studies by economists suggest that
A) households do not increase their saving as the government's dissaving increases. B) households increase their saving, but not by the full amount of an increase in government dissaving. C) households also increase their dissaving when the government increases its dissaving. D) households also increase their saving when the government increases its saving.
An expansionary monetary policy is most likely to produce an inflationary effect with little impact on output when the economy
A. is near full employment and the aggregate supply curve is horizontal. B. is near full employment and the aggregate supply curve is vertical. C. has substantial unemployment and the aggregate supply curve is vertical. D. has substantial unemployment and the aggregate supply curve is horizontal.
Studies have shown that differences in wages between men and women:
A. are explained in part by differences in productivity and in part by discrimination. B. are fully explained by differences in productivity, education, and skill. C. have disappeared in the last five years. D. are fully explained by discrimination.