Which of the following is a price floor?
A) rent controls
B) minimum wage rates
C) a freeze on upward-moving gasoline prices
D) college tuition caps
B
Economics
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The dollar value of total output in the United States
A) equals the value of all physical goods sold in the United States. B) equals all the value of U.S. stocks on the world's stock exchanges. C) equals the value of all resources that can be found in the United States. D) equals the market value of all final goods and services produced in the United States.
Economics
Crowding out occurs because expansionary fiscal policy:
A) appreciates the exchange rate. B) lowers foreign income. C) lowers the interest rate. D) increases net exports.
Economics