Long lines and discrimination are examples of rationing methods that may naturally develop in response to a binding price ceiling
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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The economy is in long-run equilibrium when ________ and ________
A) real GDP equals potential GDP; the unemployment rate equals zero B) the output gap equals zero; the inflation rate equals the target inflation rate and the expected inflation rate C) the output gap is at its maximum; the inflation rate equals the target inflation rate and the expected inflation rate D) the unemployment rate equals the natural rate of unemployment; the inflation rate equals zero
Economics
The capital market is a market in which only financial capital is acquired
a. True b. False Indicate whether the statement is true or false
Economics