Explain what is meant by excess demand or s shortage

What will be an ideal response?


The condition that exists when quantity demanded exceeds quantity supplied at the current price.

Economics

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If the Fed wants to lower the federal funds rate through open market operations, it ________

A) decreases tax rates B) increases tax rates C) sells bonds D) buys bonds

Economics

What is the International Monetary Fund and what are its primary goals?

What will be an ideal response?

Economics

Which of the following helps explain why more people don't immigrate to rich countries?

A. The strain of leaving some family behind is too stressful. B. Educational degrees are not recognized. C. The language barrier is too great. D. It's difficult due to the immigration restrictions of rich countries.

Economics

If the cost of the Department of Agriculture's minimum food budget for two people is $3,000 per year, the official poverty line for a family of two would be

A. $1,000. B. $3,000. C. $9,000. D. $18,000.

Economics