Shortages are the same thing as excess:
A.) Supply caused by price floors.
B.) Supply caused by price ceilings.
C.) Demand caused by price floors.
D.) Demand caused by price ceilings.
D.) Demand caused by price ceilings.
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What determines the income flows that households receive?
A) an agency of the Federal government B) what they choose to produce, how much is sold, and the price received when sold C) their ownership of factors of production, how much they sell in the factor markets, and the prices received when sold D) financial institutions such as banks E) what they choose to consume
In the debate between equity and efficiency, _____ tend to favor efficiency, while _____ tend to favor equity
a. Keynesians; classicals b. monetarists; supply-siders c. supply-siders; Keynesians d. classicals; supply-siders.