A government sometimes creates an excess supply of a product by setting a minimum price at which the product may be sold to consumers. This is sometimes called a

If an individual's opportunity cost of commute is $300 per month and his monthly commuting time is 60 hours, his opportunity cost of time is:

A) $10 per hour. B) $5 per hour. C) $30 per hour. D) $60 per hour.

The money-creation multiplier is the

A) same as the income-determination multiplier. B) amount by which the money supply would rise with a $1 increase in the supply of high-powered money. C) amount by which the money supply of high-powered money will increase equilibrium GDP. D) amount by which a $1 increase in reserves would raise an individual bank's deposit liabilities.