A price ceiling set by government will increase the equilibrium price and quantity in a market.
Answer the following statement true (T) or false (F)
False
Economics
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In its original role as "lender of last resort" the Fed was supposed to
a. lend money to people in regions without banks. b. lend money to developing nations. c. keep the money supply from drying up during financial panics. d. provide mortgage lending to returning soldiers.
Economics
If the government were to reduce its spending, it would be enacting:
A. contractionary fiscal policy. B. expansionary fiscal policy. C. a budgetary crisis intervention. D. expansionary budgetary policy.
Economics