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Author Question: A price floor set above the equilibrium price is binding. a. True b. False Indicate whether the ... (Read 65 times)

wenmo

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  • Posts: 540
on: Jun 30, 2018
A price floor set above the equilibrium price is binding.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

To achieve a 500 billion increase in AD, if the MPC is 0.8, what increase in government purchases would be called for?
 a. 625 billion
  b. 500 billion
  c. 400 billion
  d. 100 billion


vboyd24

  • Sr. Member
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  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

d


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