If Brian, age 24, had no job but was available for work and had looked for a job the week before the survey, Brian is classified in the Current Population Survey as

If the inflation rate is 3 percent and the real interest rate is 3 percent, then what is the nominal interest rate?

What will be an ideal response?

Suppose the government imposes a price support that is above the equilibrium price. As a result,

A) total revenue increases. B) consumer surplus increases. C) the marginal cost of the last unit produced decreases. D) the government has effectively imposed a price ceiling. E) the subsidy the government pays decreases.