Individuals with higher saving and investment rates will more likely
A) earn poverty level incomes.
B) experience financial difficulties.
C) have higher current consumption rates.
D) have higher incomes in the future.
D) have higher incomes in the future.
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Rent controls and the minimum wage are both examples of price ceilings
Indicate whether the statement is true or false
Using the aggregate demand and supply model, expansionary fiscal policy will not affect the price level, but will restore full-employment GDP
a. True b. False Indicate whether the statement is true or false
The federal funds rate is a long-term interest rate banks charge one another for loans
a. True b. False Indicate whether the statement is true or false
In Figure 12.6, airline Fly Smart is initially a secure monopoly between two cities X and Y at point M, serving 300 passengers per day at the profit maximizing price of $300 per ticket. Suppose that Fly Smart discovers that a second airline is contemplating entering the market. If the minimum market entry quantity is 130 passengers per day, what price should Smart Fly charge to secure the entry-deterring quantity?
A. $300 B. $220 C. $180 D. $100