A price control is:
A) a market determined equilibrium price.
B) a non-market price imposition.
C) the price at which quantity demanded equals quantity supplied.
D) the price that maximizes social surplus.
B
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Refer to the scenario above. This implies that the country experienced a ________ during that year
A) trade deficit B) budgetary surplus C) budgetary deficit D) trade surplus
In a simple, private economy, suppose that the MPC is 0.8 and investment rises by $20 million. At the new equilibrium, how much will saving have increased?
A. $8 million B. $16 million C. $20 million D. $80 million E. $100 million
Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y2. C. P3 and Y1. D. P2 and Y3.
A p-value refers to the probability of obtaining the result that you find in the sample data if the null hypothesis is not true.
Answer the following statement true (T) or false (F)