Which Action Will Always Result in a Shortage

question 100

Multiple Choice

Which action will always result in a shortage?

• A) when the government imposes a price ceiling below equilibrium price
• B) when the government imposes a price ceiling above equilibrium price
• C) when the government imposes a price floor below equilibrium price
• D) when the government imposes a price floor above equilibrium price

Identify key political figures and their roles in shaping U.S. and international policies during the late 20th century.

Recognize pivotal moments in the struggle for civil rights and social justice within the United States.

Explain the significance of major domestic and international events on U.S. foreign and domestic policy.

Describe the influence of political ideologies on American politics and governance.

---

Definitions:

Dollar Value

The worth of something in terms of the amount of currency it can buy or how much currency is required to buy it.

Loanable Funds Market

A theoretical market where borrowers and lenders interact to determine the interest rate and the quantity of loanable funds exchanged.

Real Interest Rate

The rate of interest an investor expects to receive after allowing for inflation, representing the true cost of borrowing.

National Saving

The sum of savings made by both individuals and the government within a country, crucial for financing national investments.