Shortages occur when
a. many people are unemployed.
b. interest rates go up.
c. people have trouble supplying the goods and services at current prices.
d. the United States imports more than it exports.
Answer: c. people have trouble supplying the goods and services at current prices.
Economics
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Government regulations to reduce the possibility of financial panic include all of the following EXCEPT
A) transactions costs. B) restrictions on assets and activities. C) disclosure. D) deposit insurance.
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In Figure 3-7 above, when autonomous planned spending is $250, the equilibrium income level is
A) $1000. B) $1250. C) $1500. D) $2500.
Economics