A binding price ceiling is designed to:

One of the important differences between binding and not binding price ceiling is that a binding price ceiling is set above the equilibrium price, while a not binding price ceiling is set below the equilibrium price

a. True b. False Indicate whether the statement is true or false

Which of the following perspectives exerted the most impact on fiscal policy during the Great Depression?

a. the Keynesian view b. the supply-side view c. the view that the federal government should maintain a balanced budget d. the new classical view that fiscal policy exerts little impact on demand and output