A price floor set above a market equilibrium price causes

Refer to the above figure. If the relevant aggregate demand curve is AD1, then the economy is experiencing

A) full employment. B) an inflationary ga

Your textbook authors argue that the redemption efforts to free Sudanese slaves

A) generally succeeded until the government stepped in and created unintended shortages. B) worked poorly because slave surpluses became rampant. C) unintentionally increased profitability and slave supply. D) proved that underground markets do not coordinate the plans of participants.