Because a price ceiling causes:
A. a surplus, the outcome will be inefficient.
B. a shortage, some form of rationing must occur.
C. a surplus, some form of rationing must occur.
D. a shortage, the outcome will be efficient.
Answer: B
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
According to the above table, the value of M2 is
A) $3,807 billion. B) $5,237 billion. C) $6,237 billion. D) $6,253 billion.
The primary job of a bank is to act as an intermediary, taking in deposits from savers and then loaning that money to people who want to borrow
a. True b. False Indicate whether the statement is true or false
In the long run:
A. attempts to "fine-tune" the economy cause the rate of unemployment to accelerate. B. there is no inflation-unemployment trade-off. C. there is an inflation-unemployment trade-off and the terms of that trade-off have worsened in recent years. D. there is an inflation-unemployment trade-off, but the terms of that trade-off have improved in recent years.