When a binding price ceiling is imposed on a market for a good, some people who want to buy the good cannot do so
a. True
b. False
Indicate whether the statement is true or false
True
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Oligopolists merge to ________
A) increase market supply B) increase market demand C) increase market power D) reduce prices
In the past, voting systems in most countries required that you be:
A. male in order to vote. B. both male and hold property in order to vote. C. both male and white in order to vote. D. white, male, and hold property in order to vote.
In the Keynesian model, a $5 billion decrease in investment leads to ________ in short-run equilibrium output.
A. a greater than $5 billion decrease B. no change. C. a $5 billion decrease D. a $5 billion increase
If households and firms expect higher rates of inflation, the ________ curve will shift ________.
A. SRAS; upward B. AD; until it becomes vertical C. SRAS; downward D. AD; rightward