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Author Question: When a binding price ceiling is imposed on a market, a. price no longer serves as a rationing ... (Read 120 times)

JGIBBSON

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on: Jun 30, 2018
When a binding price ceiling is imposed on a market,
 a. price no longer serves as a rationing device.
 b. the quantity supplied at the price ceiling exceeds the quantity that would have been supplied without the price ceiling.
  c. all potential buyers benefit.
 d. All of the above are correct.

Question 2

From a new deposit in a checking account potential money creation is:
 a. excess reserves times money multiplier.
 b. initial deposit times money multiplier.
 c. actual reserves times required reserve ratio.
  d. required reserves times money multiplier.


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angrybirds13579

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

a

Answer to Question 2

b


JGIBBSON

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Reply #2 on: Jun 30, 2018
Thank you :)


angrybirds13579

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Reply #3 on: Jun 30, 2018
Happy to help you


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