If the aggregate supply curve is positively sloped, an increase ...

[lindiwe]

If the aggregate supply curve is positively sloped, an increase in the money supply will result in an increase in both equilibrium national income and the equilibrium price level.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The imposition of a binding price floor on a market causes quantity demanded to be
 a. greater than quantity supplied.
  b. less than quantity supplied.
 c. equal to quantity supplied.
 d. Both (a) and (b) are possible.

[lgoldst9]

Answer to Question 1

True

Answer to Question 2

b

[lindiwe]

Thank you

[lgoldst9]

No problemo