Refer to the figure above. How many units of Good X will be demanded if the government sets a price ceiling of Pc on the good?

Developing countries that concentrate production in agricultural products or raw materials may face a secular decline in their international terms of trade due to

A) sluggish demand for these products in developed countries. B) large increases in the supplies of these products on world markets due to export expansion policies. C) inelastic demand for these products in developed countries. D) All of the above.

Suppose the intersection of the IS and LM curves is to the left of the FE line. A decrease in the price level would most likely eliminate a disequilibrium among the asset, labor, and goods markets by

A) shifting the LM curve down and to the right. B) shifting the IS curve up and to the right. C) shifting the IS curve down and to the left. D) shifting the FE curve to the left.