If price were $20, there would be _____ (shortage or surplus) of about ________.
surplus; 35
You might also like to view...
The reference base period for the CPI has an index number of
A) 100. B) 10. C) 1,000. D) 0. E) 1.
Over a year, the money supply in a nation grew by 6 percent, while velocity fell by 1 percent and real GDP rose by 2 percent. This results in an inflation over the year of ________ percent
A) 9 B) 7 C) 5 D) 3
When the LM curve is horizontal,
A) fiscal policy has no impact on equilibrium income. B) fiscal policy has no impact on the equilibrium interest rate. C) the economy is at full employment. D) monetary policy has no impact on equilibrium income.
Under a negative income tax program, the higher the income earned in the marketplace, the higher will be the family's after-tax income
a. True b. False Indicate whether the statement is true or false