Refer to Figure 4.7. You will receive a payoff of 0 points if you ask for points and so do ________ of your classmates

A price ceiling imposed below the equilibrium price ______

A. creates a black market in which the price might equal or exceed the equilibrium price B. creates a black market in which the price equals the price ceiling C. leads to increased search activity, which reduces the shortage of the good D. increases the demand for the good, which makes the shortage even larger

In the short-run macro model, what is the relationship between income and investment spending?

a. It is positive and stable. b. It is positive but unstable. c. It is negative and stable. d. It is negative but unstable. e. There is no relationship between the two variables.