A price ceiling established below the market clearing price will usually cause
A) nonprice rationing.
B) an excess supply.
C) no change in the market clearing price.
D) a decrease in the market clearing price.
Answer: A
Economics
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In 2008, the Fed and the Treasury began attempting to stabilize the commercial banking system through the Troubled Asset Relief Program (TARP) by
A) providing funds to banks in exchange for stock. B) permitting banks to sell commercial bonds to the Federal Reserve Bank. C) allowing banks to double any outstanding claims for federal deposit insurance reimbursements. D) allowing domestic banks to be taken over by foreign banks.
Economics
Under what circumstances might it be "rational" to rely on adaptive expectations?
What will be an ideal response?
Economics