A price floor set above the equilibrium price is binding. a. True b. False Indicate whether the ...

Author Question: A price floor set above the equilibrium price is binding. a. True b. False Indicate whether the ... (Read 39 times)

wenmo

Hero Member
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
Posts: 341

Reply #1 on: Jun 30, 2018

Answer to Question 1

True

Answer to Question 2

d

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