Which of the following is most likely to be an inferior good?
A. Fur coats.
B. Ocean cruises.
C. Used clothing.
D. Steak.
Answer: C
Economics
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An open market purchase of government securities by the Fed would shift the aggregate demand curve leftward
Indicate whether the statement is true or false
Economics
The largest component of the money supply (M1 ) is
A) time deposits. B) large CDs. C) demand deposits. D) coin and currency.
Economics
Mention some of ways in which insurers control the problem of moral hazard
Economics
When marginal cost is rising, average variable cost
a. must be rising. b. must be falling. c. must be constant. d. could be rising or falling.
Economics