To affect the market outcome, a price ceiling
A) must be set below the equilibrium price. B) must be set below the legal price.
C) must be set below the price floor. D) must be set below the black market price.
A
Economics
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The graph illustrates the supply of sweaters. A fall in the price of sweaters brings
A) a decrease in the quantity supplied of sweaters. B) a movement along the supply curve. C) a shift of the supply curve. D) Both answers A and B are correct. E) Both answers B and C are correct.
Economics
If the required reserve ratio is 0.2, and the Fed buys $3,000 of U.S. government securities, the maximum amount by which the money supply can increase is: a. $200
b. $2,000. c. $600. d. $15,000. e. $1,500.
Economics