As the Fed lowers the federal funds rate,
A) the price level falls.
B) real GDP decreases.
C) aggregate demand increases.
D) aggregate supply increases.
E) aggregate income decreases.
C
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What is the most innovative feature of the International Criminal Court (ICC)?
a. Its focus is on the individual criminal, not the state. b. Its authority affects every nation on earth, not just voluntary members. c. Its decisions are made by an international jury, not a panel of judges. d. Its goal is to safeguard human rights, not punish criminal behavior.
Governments sometime create an excess demand for a product by setting a maximum price that is less than the equilibrium price, resulting in a permanent excess demand for the product. This is known as a price floor
Indicate whether the statement is true or false