Refer to the above table. The equilibrium real GDP is

A) $14 billion. B) $12 billion. C) $15 billion. D) $13 billion.

A

Economics

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If a consumer purchases any combination of goods and services on his ________, he will exhaust his income completely

A) indifference curve B) budget constraint C) demand schedule D) demand function

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A rent ceiling below the equilibrium rent will create

A) a more efficient allocation of housing. B) a larger number of apartments rented. C) no change in the number of apartments rented. D) increased search time and black markets.

Economics