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Author Question: Suppose the Chinese government regulates the price of food and forbids firms from setting a higher ... (Read 51 times)

washai

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on: Jun 29, 2018
Suppose the Chinese government regulates the price of food and forbids firms from setting a higher price. In this case the government is setting a
 
  A) price floor.
  B) price ceiling.
  C) quota.
  D) tax.

Question 2

A decrease in government expenditure on goods and services
 
  A) increases aggregate demand.
  B) increases the aggregate quantity demanded.
  C) decreases the aggregate quantity demanded.
  D) decreases aggregate demand.


succesfull

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


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