This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a price ceiling is set above the current market clearing price, then A) a surplus must ... (Read 176 times)

Anajune7

  • Hero Member
  • *****
  • Posts: 574
on: Jun 29, 2018
If a price ceiling is set above the current market clearing price, then
 
  A) a surplus must immediately occur.
  B) a shortage must immediately occur.
  C) there will be incentives for black markets to develop.
  D) quantity demanded will remain equal to quantity supplied at the current market clearing price.

Question 2

A congressman states, If a government attempts to increase employment through increased government spending, all we will end up with is a higher price level. This congressman assumes that the
 
  A) aggregate demand curve is a horizontal line.
  B) aggregate demand curve is a vertical line.
  C) aggregate supply curve is a horizontal line.
  D) aggregate supply curve is a vertical line.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jaymee143

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


Anajune7

  • Hero Member
  • *****
  • Posts: 574
Reply #2 on: Jun 29, 2018
Correct answers!


jaymee143

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Many types of edible fungi are grown for the market. Many types of edible fungi are grown for the market.
Hillary Clinton broke through the glass ceiling in politics when she was elected senator from New ... Hillary Clinton broke through the glass ceiling in politics when she was elected senator from New ...
When the exhaust is lean, the PCM applies a positive current into the pump cell. When the exhaust is lean, the PCM applies a positive current into the pump cell.
A mobile weather station that can be used to gather current weather data at the scene of hazardous ... A mobile weather station that can be used to gather current weather data at the scene of hazardous ...
BISON: Ceiling of a cave at Altamira BISON: Ceiling of a cave at Altamira
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Major Elements in Biological Molecules: Nucleic acids

For a complete list of videos, visit our video library