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Author Question: To say that a price floor is binding is to say that the price floor a. results in a shortage. b. is ... (Read 111 times)

mcmcdaniel

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on: Jun 30, 2018
To say that a price floor is binding is to say that the price floor
 a. results in a shortage.
 b. is set below the equilibrium price.
 c. causes quantity supplied to exceed quantity demanded.
  d. All of the above are correct.

Question 2

The process of money creation can be reversed:
 a. when a person pays a loan back to a bank.
 b. when the government passes a law against it.
 c. when customers begin to deposit money into banks.
  d. when loans are extended to customers.


akemokai

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

c

Answer to Question 2

a


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