Multiple Choice
-In Figure1.1 if the price is 2, then:
A) the market is in equilibrium.
B) there is excess quantity supplied.
C) there is excess quantity demanded.
D) the market clears.
Correct Answer:
Verified
Correct Answer:
Verified
Q19: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8790/.jpg" alt=" -In Figure1.1, if
Q20: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8790/.jpg" alt=" -In Figure1.1 if
Q21: Among the prices that macroeconomists study are:<br>A)the
Q22: If price is below equilibrium in a
Q23: If prices are sticky:<br>A)the market quickly sticks
Q25: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8790/.jpg" alt=" -In Figure1.1, if
Q26: A possible order of events in an
Q27: Macroeconomics includes the study of:<br>A)the general price
Q28: Monetary policy involves:<br>A)the government's expenditure.<br>B)taxation.<br>C)determining the quantity
Q29: The inflation rate for year t is:<br>A)