A price ceiling set above the equilibrium price is not binding

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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The the government increases the level of government expenditure. If there is no change in the aggregate supply curve, then aggregate demand will ________, real GDP will ________, and the price level will ________

A) increase; remain the same; increase B) remain the same; increase; increase C) increase; increase; increase D) decrease; increase; increase E) decrease; remain the same; decrease

Economics

An increase in quantity supplied is represented by a rightward shift of the supply curve

Indicate whether the statement is true or false

Economics