A rent control is an example of a ________
A) price floor
B) price ceiling
C) negative externality
D) positive externality
B
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According to the Law of Demand, the demand curve for a good will
A) shift leftward when the price of the good increases. B) shift rightward when the price of the good increases. C) slope downward. D) slope upward.
Campbell Soup agrees to sell its brand to a grocery chain only if the chain also agrees to buy a minimum number of cases of its V-8 juice. This is an example of:
a. a resale price maintenance agreement. b. a tying agreement. c. exclusive dealing. d. price discrimination.
Within the framework of the Keynesian Cross model, if an economy is operating at a real GDP less than full-employment real GDP:
a. a recessionary gap exists b. an inflationary gap exists c. aggregate expenditures will rise d. the general level of prices will rise
M1 includes savings accounts
a. True b. False Indicate whether the statement is true or false