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When the Government Policy Is to Regulate the Quantity of a Good

question 168

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When the government policy is to regulate the quantity of a good that can be bought and sold rather than the price at which it is transacted,it uses a:


Definitions:

Bank Loan

A sum of money lent by a bank to a borrower under agreed terms for repayment with interest.

Gross Domestic Product

The complete financial or market worth of all the end products and services created inside a country's limits over a certain timeframe.

Aggregate Supply

The total supply of goods and services that firms in an economy are willing and able to sell at a given overall price level in a given time period.

Aggregate Expenditure

Total spending on final goods and services in an economy during a given period, usually a year.

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