Author Question: Nonprice rationing devices are required A) because the price system does not allocate resources ... (Read 89 times)

dollx · **on:** Jun 29, 2018

Nonprice rationing devices are required

A) because the price system does not allocate resources efficiently.
B) when there are price floors but not when there are price ceilings.
C) so that prices will go back to equilibrium.
D) to allocate goods when there is a price ceiling.

Question 2

As interest rates rise, the quantity of money demanded

A) falls.
B) rises.
C) stays the same.
D) does not react to interest rate changes.