What is the economic effect of price ceilings?

a. there are no economic effects.

b. resources will be allocated efficiently.

c. an effective price ceiling will lead to a surplus.

d. an effective price ceiling will lead to a shortage?

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If a bank has $10 million on deposit, and the Federal Reserve specifies a reserve requirement of 30 percent, then how much money would the bank need to keep on hand at all times?

Milk can be received at 45 degree under what condition

All of these are reasons managers use environmental scanning except:

A term describing a firm's normal range of operating activities is: (a) Relevant range of operations. (b) Break-even level of operations. (c) Margin of safety of operations.

Group Sky Corporation has 6.5 percent coupon bonds on the market with 15 years to maturity. The bonds make semiannual payments and currently sell for 102 percent of par. What is the current yield

Digby has a roe of 0.24 (roe = net income/equity). that means:

If a bank depositor withdraws $1000 of currency from an account, what happens to bank reserves, checkable deposits, and the monetary base? Assume that the required reserve ratio on checkable deposits is 10% and banks do not hold any excess reserves.

During the Great Depression, consumer spending was higher than ever in history. Question 10 options: True False

A property is being appraised by the cost approach. The appraiser estimates that the land is worth $17,000 and the replacement cost of the improvements is $235,000. Total depreciation from all causes is $23,000.