Government spending has no effect on resource allocation since the government simply engineers a transfer of private goods and services from one group in the economy to some other group

If a bank has ________ rate-sensitive assets than liabilities, a ________ in interest rates will reduce bank profits, while a ________ in interest rates will raise bank profits

A) more; rise; decline B) more; decline; rise C) fewer; decline; decline D) fewer; rise; rise

Suppose a market is in equilibrium and then a price floor is established below the equilibrium price. Which of the following will happen?

a. quantity demanded will increase b. a surplus will develop c. a shortage will develop d. the quantity sold will rise e. the market will remain in equilibrium