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Category > Economics Posted 11 Jul 2017 My Price 5.00

If the government wishes to lower

If the government wishes to lower the price of a good without creating an imbalance in the market, what is the best way to accomplish this?

A.Impose a price ceiling.

B.Impose a price floor.

C.Tax the good.

D.Subsidize the good.

 

If a price floor is nonbinding, the market price will be __________ the market equilibrium.

A.Below

B.Above

C.Equal to

 

Real GDP differs from nominal GDP in that real GDP accounts for

A.Government purchases.

B.Changes in prices.

C.The underground economy.

D.All of the above.

Answers

(15)
Status NEW Posted 11 Jul 2017 11:07 PM My Price 5.00

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