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Author Question: To be binding, a price floor must be set above the equilibrium price. a. True b. False Indicate ... (Read 73 times)

stock

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on: Jun 30, 2018
To be binding, a price floor must be set above the equilibrium price.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A 100 billion decrease in government purchases would:
 a. increase AD by 500 billion if MPC = 0.8.
  b. decrease AD by 300 billion if MPC = 2/3.
  c. increase AD by 200 billion if MPC = 0.5.
  d. decrease AD by 40 billion if MPC = 0.4.


triiciiaa

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

True

Answer to Question 2

b


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