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Author Question: A price floor is a legal minimum on the price at which a good or service can be sold. a. True b. ... (Read 34 times)

P68T

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on: Jun 30, 2018
A price floor is a legal minimum on the price at which a good or service can be sold.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Assume that there is a 20 billion increase in government purchases. If MPC = 0.8, the sum of the indirect effect on aggregate demand through induced additional consumption purchases is equal to:
 a. 16 billion.
 b. 20 billion.
 c. 80 billion.
 d. 100 billion.


scikid

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

c


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