To affect the market outcome, a price ceiling
A) must be set below the black market price.
B) must be set below the legal price.
C) must be set below the price floor.
D) must be set below the equilibrium price.
Answer: D
Economics
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If stock prices are expected to climb next year, everything else held constant, the ________ curve for bonds shifts ________ and the interest rate ________
A) demand; left; rises B) demand; right; rises C) demand; left; falls D) supply; left; rises
Economics
For the U.S. economy, which of the following represents the largest component of GDP?
A) imports B) investment C) government spending D) exports E) none of the above
Economics