When quantity demanded is more than quantity supplied:

a. rationing
b. price floor
c. excess demand
d. surplus
e. equilibrium

Ans: c. excess demand

Economics

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Keynes was concerned about an implication of his consumption theory: that as an economy becomes more prosperous, its saving rate becomes too ________ to sustain that prosperity. Such a long-term trend in the U.S

saving rate is ________ in the time-series data. A) large, found B) large, not found C) small, found D) small, not found

Economics

Refer to the diagram below. If box E represents government, box C businesses, box D the resource market, and box B the product market, then government purchases of computers, office supplies, and military hardware would be illustrated by arrows:


A. 5 and 6

B. 7 and 8

C. 9 and 10

D. 10 and 11

Economics