Shortages occur at prices which are above the market clearing price
Indicate whether the statement is true or false
FALSE
Economics
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In the figure above, the equilibrium market price is $20. Area A is the
A) marginal cost of 150th unit. B) willingness to pay for the 150th unit. C) producer surplus. D) consumer surplus. E) marginal benefit of 150th unit.
Economics
Which of the following will increase the money supply?
A) an increase in the discount rate (relative to the federal funds rate) B) a decrease in the required reserve ratio C) an open market sale by the Fed D) a and c E) b and c
Economics