Because of its ___________ effects, inflation increases social and economic tensions.
Fill in the blank(s) with the appropriate word(s).
redistributive
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Use the figure below to answer the following question.
Refer to the three demand curves. An "increase in demand" would be illustrated as a change from
A. line A to C. B. point 4 to point 1. C. point 1 to point 2. D. line C to B.
Which of the following is true?
A) If the price of a substitute rises, the demand curve shifts leftward. B) An increase in the cost of producing a good shifts the demand curve leftward. C) An increase in population shifts the demand curve leftward. D) If people expect the price of a good will rise in the future, the demand curve shifts leftward. E) For an inferior good, when income increases, the demand curve shifts leftward.
Suppose that Jack promises that if Jill chooses the high price, he will too. Jack has an incentive to cheat on the agreement.
Answer the following statement true (T) or false (F)
In 1991, the European Union began the process of forming the
A. first international trade agreement in the world. B. largest free-trade zone in the world. C. only continental military force in the world. D. first unified currency in the world.