An upper limit to the quantity of a good that may be produced in a specific period is called

A) production quota
B) import quota
C) price ceiling
D) price floor

A

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During an economic contraction, housing and stock prices generally

a. fall, leading to a reduction in aggregate demand. b. fall, leading to an increase in aggregate demand. c. rise, leading to a reduction in aggregate demand. d. rise, leading to an increase in aggregate demand.

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In early 2008, the central bank of Zimbabwe announced the inflation rate in that country had reached

a. 60 percent. b. 80 percent. c. 220 percent. d. 24,000 percent.

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