One likely result of a price ceiling is that
a. an excess supply of the good results
b. the price would be above the equilibrium price
c. the price would be the equilibrium price
d. the good must be rationed
e. the supply curve shifts to the right
D
Economics
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Which of the following would be considered a transaction deposit?
A) passbook savings account B) checking account C) 401(k) retirement account D) credit card account
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What is the loanable funds market? What happens if the real interest rate in the market is held above the equilibrium interest rate?
What will be an ideal response?
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