A price control is:
A) a market determined equilibrium price.
B) a non-market price imposition.
C) the price at which quantity demanded equals quantity supplied.
D) the price that maximizes social surplus.
Question 2
In order to move aggregate demand to the level consistent with full employment by means of fiscal policy, government officials who set the budget must know
A) the current level of aggregate demand.
B) the level of aggregate demand that would be consistent with full employment.
C) the size of the budget changes required to induce the appropriate-sized changes in aggregate demand.
D) all of the above.
Hormonal control of parturition.
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