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Author Question: A price ceiling set below the equilibrium price is nonbinding. a. True b. False Indicate whether ... (Read 65 times)

Alygatorr01285

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on: Jun 30, 2018
A price ceiling set below the equilibrium price is nonbinding.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the marginal propensity to consume is 4/5, the multiplier is:
 a. 20.
 b. 5.
 c. 1.
 d. 1/5.


jazzlynnnnn

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

False

Answer to Question 2

b


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