The price of a good always changes when
A) either a shortage or a surplus occurs.
B) quantity demanded and quantity supplied are constant.
C) there is an increase in demand and an increase in supply.
D) there is a decrease in demand and a decrease in supply.
Answer: A
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A decision by Congress to reduce spending in order to balance the government's budget is an example of ________ policy.
A. structural B. aggregation C. fiscal D. monetary
A binding price floor causes quantity supplied to be less than quantity demanded
a. True b. False Indicate whether the statement is true or false
If the amount of taxes > outlays
What will be an ideal response?
The inflow of foreign investment into the United States
A. Signals a lack of confidence in the U.S. economy. B. Diminishes production possibilities for the United States. C. Stimulates more economic growth for the United States. D. Has no effect on the U.S. economy.