In the United Sates, the average annual rate of growth of real wages was fastest in the period:

After a binding price floor becomes effective, a

a. smaller quantity of the good is bought and sold. b. a larger quantity of the good is demanded. c. a smaller quantity of the good is supplied. d. All of the above are correct.

If the income-consumption path slopes down, then:

A. both goods are inferior. B. both goods are normal. C. one good is normal and the other good is inferior. D. we can't tell anything about whether the goods are normal or inferior.