A surplus can exist in the market only if there is:
a. a non binding price floor.
b. a binding price floor.
c. a binding price ceiling.
d. a non binding price ceiling.
B
Economics
You might also like to view...
Refer to the scenario above. The nominal GDP of the country in Year 1 was ________
A) $280,000 B) $2,200,000 C) $1,400,000 D) $540,000
Economics
If the Fed fears inflation, then the Fed
A) directs banks to raise the nominal interest rate. B) will increase the income tax rate on interest income. C) directs banks to lower the nominal interest rate. D) will sell government securities in the open market. E) will buy government securities in the open market.
Economics