If the government sets a minimum price at which a good or service can be sold, it thereby creates

Finite resources can be

a. renewable or nonrenewable b. only nonrenewable c. only renewable d. neither renewable nor nonrenewable e. insatiable

Advocates of a passive policy approach argue that an active stabilization policy imposes troubling fluctuations in the price level and real GDP because it often takes a hold only after market forces have already returned the economy to its potential output level

Indicate whether the statement is true or false