A minimum wage is a government-imposed price ________ that is designed to be ________ the equilibrium wage rate

Dana wants to try working as an independent contractor this summer. She has a 50 percent chance that she will make $10,000 and 50 percent chance that she will make nothing. What's Dana's expected income from taking this job?

A) $10,000 B) $7,000 C) $5,000 D) zero

In the Supply and Demand of Loanable Funds model presented in Chapter 3, the variable that adjusts to equilibrate the supply and demand for goods and services is:

A. government spending. B. consumption. C. taxes. D. the real interest rate.