Price ceilings are designed to
A) establish a maximum allowable price.
B) allow free market prices to be achieved.
C) create surpluses where none existed before.
D) none of the above.
Answer: A
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If an economy experiences growth in productivity without growth in its labor force, it will grow.
Answer the following statement true (T) or false (F)
An increase in the reserve deposit ratio, ?, will most likely have which of the following effects?
A) a rightward shift in the IS curve B) a leftward shift in the IS curve C) an upward shift in the LM curve D) a downward shift in the LM curve
In the long run, any firm may enter or leave a perfectly competitive market
a. True b. False Indicate whether the statement is true or false
If the U.S. put an import quota on clothes dryers, it would
a. raise U.S. net exports of clothes dryers and raise net exports of other U.S. goods. b. raise U.S. net exports of clothes dryers and lower net exports of other U.S. goods. c. lower U.S. net exports of clothes dryers and raise net exports of other U.S. goods. d. lower U.S. net exports of clothes dryers and lower net exports of other U.S. goods.