Table 6-5 -Refer to Table 6-5. Suppose the Government Imposes a Price

question 233

Multiple Choice

Table 6-5
-Refer to Table 6-5. Suppose the government imposes a price ceiling of $3 on this market. What will be the size of the shortage in this market?

• A)0 units
• B)30 units
• C)45 units
• D)75 units

Evaluate the impact of government tax policies on saving behaviors.

Interpret the concept of national saving and its equivalence to investment in a closed economy.

Clarify misconceptions regarding government purchases, taxes, and public saving in a closed economy.

Analyze the effects of fiscal policy on loanable funds, interest rates, and investment.

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Definitions:

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