A price ceiling set below the equilibrium price is nonbinding. a. True b. False Indicate whether ...

Author Question: A price ceiling set below the equilibrium price is nonbinding. a. True b. False Indicate whether ... (Read 79 times)

Alygatorr01285

Hero Member
Posts: 564

on: Jun 30, 2018

A price ceiling set below the equilibrium price is nonbinding.
a. True
b. False
Indicate whether the statement is true or false

Question 2

If the marginal propensity to consume is 4/5, the multiplier is:
a. 20.
b. 5.
c. 1.
d. 1/5.

jazzlynnnnn

Sr. Member
Posts: 335

Reply #1 on: Jun 30, 2018

Answer to Question 1

False

Answer to Question 2

b

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