Examlex
If an economy is in equilibrium at a given price level and a given output level,the aggregate demand/aggregate supply (AD/AS) model indicates that an unanticipated decrease in aggregate demand will cause
Price Floor
A government or regulatory minimum price set above the equilibrium price, intended to protect producers.
Surplus
An excess amount of a product or resource relative to demand, often leading to lower prices or stockpiling.
Equilibrium Price
Equilibrium price is the price point at which the quantity of goods supplied equals the quantity of goods demanded in the market.
Price Ceiling
A legal maximum price that can be charged for a good or service, typically set by the government to ensure affordability.
Q30: The Federal Reserve System is owned by<br>A)federal
Q61: Measured as a share of GDP,federal spending
Q74: Which of the following is most likely
Q85: When workers are unemployed due to a
Q88: If the current price level in the
Q118: What restricts the Fed's ability to write
Q131: If there is an unanticipated increase in
Q135: The expenditure multiplier indicates that<br>A)changes in investment,government,or
Q220: If expected inflation is constant and the
Q236: Ordinary commercial banks can expand the supply