A price ceiling set below the market clearing price will tend to cause which of the following?
A) a surplus
B) a shortage
C) an increase in demand
D) a reduction in supply
B
Economics
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The higher the real wage rate, the higher the labor force participation rate
Indicate whether the statement is true or false
Economics
An idea concerning production that eventually takes the form of a new applied technology is
a. the scientific method b. robots c. increasing cost of new technology d. innovation e. human capital
Economics