After a binding price floor becomes effective, a
a. smaller quantity of the good is bought and sold.
b. a larger quantity of the good is demanded.
c. a smaller quantity of the good is supplied.
d. All of the above are correct.
a
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As the real interest rate ________, the real investment spending ________
A) decreases; decreases B) increases; decreases C) increases; increases D) changes; does not change
In the short run, the dominant effect of deficit reduction causes an
a. outward shift of the aggregate supply curve. b. inward shift of the aggregate supply curve. c. outward shift of the aggregate demand curve. d. inward shift of the aggregate demand curve.
Deepening of human capital in the U.S. economy focuses: a. more on additional education and training than on a higher average level of work experience. b. more on a higher average level of work experience than on additional education and training. c. more on the reduction of the cost of capital than on additional training
d. more on increasing the stock of physical capital than on higher education.
Commodity money is paper currency that may be redeemed for a specific commodity at a specified rate on the currency.
a. true b. false