Price floors and price ceilings
a. lead to the same prices and quantities that would be found in a competitive market
b. lead to technical efficiency
c. cause the demand curve to shift to the left
d. usually result from government intervention
e. cause the supply curve to shift to the right
D
Economics
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Suppose the economy is experiencing frictional unemployment of 1 percent, structural unemployment of 3 percent and cyclical unemployment of 4 percent. What is the natural unemployment rate?
A) 5 percent B) 3 percent C) 8 percent D) 7 percent E) 4 percent
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The rate at which banks can borrow excess reserves from other banks is equal to
A. the discount rate. B. the interest rate paid on reserves held with the Fed. C. the federal funds rate. D. the Treasury bill rate.
Economics