Refer to Table 2-2. Assume Billie's Bedroom Shop only produces pillows and blankets. Billie faces ________ opportunity costs in the production of pillows and blankets

In the short run, how is the interest rate determined? If the interest rate is less than the equilibrium interest rate, what occurs?

What will be an ideal response?

If the current market price of good Z is below the equilibrium price of good Z

A) it must be because the government has imposed a price ceiling in the market for good Z. B) there is a shortage of good Z. C) there is a surplus of good Z. D) demand must necessarily decrease to restore equilibrium. E) a and b