John Maynard Keynes concluded that investment spending is not determined by

Suppose a price floor is set by the government above the market equilibrium price. Which of the following will result?

a. There will be a surplus. b. The quantity demanded will exceed the quantity supplied. c. The demand curve will shift to the left. d. None of these.

 You have decided to purchase, directly from the French manufacturer, a helicopter that costs 800,000 euros. At the equilibrium exchange rate between dollars and euros in Figure 36.1, this purchase will cost you

A. $200,000. B. $400,000. C. $1,600,000. D. $800,000.