Author Question: If the government removes a binding price floor from a market, then the price paid by buyers will ... (Read 591 times)

imanialler · **on:** Jun 30, 2018

If the government removes a binding price floor from a market, then the price paid by buyers will
a. increase, and the quantity exchanged will increase.
b. increase, and the quantity exchanged will decrease.
c. decrease, and the quantity exchanged will increase.
d. decrease, and the quantity exchanged will decrease.

Question 2

With the invention of banking, one important aspect of money was that:
a. individuals have no discretion over the money supply.
b. government lost all control over the money supply.
c. banks have some discretion over the money supply.
d. banks have full control over the money supply.