Price ceilings are adopted in most cases because
A) the government views the current equilibrium price as too high for consumers.
B) the government wants to create surpluses.
C) the government favors a non-intervention policy.
D) producers need incentives to produce more of the good or service.
A
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Which of the following functions express the money multiplier (m) for the narrowly defined money stock (M1)?
a. m = ?Ms/?(MB) = m(rrd) b. m = ?Ms/?(MB) = m(rrd, CU/D, ER/D) c. m = ?Ms/?(MB) = m(rrd + CU/D) d. m = ?Ms/?(MB) = m(rr/D, CU/D, RR/D)
The primary reason conglomerate mergers are the most difficult to attack under the antitrust laws is that
a. these mergers always involve a domestic firm and a foreign firm b. these mergers always involve the largest corporations in the United States c. there is no statute the government can use to attack them in court d. these mergers do not increase concentration in any market e. these mergers are always beneficial