Any point above the budget line
a. is unaffordable.
b. means you have spent all your income.
c. means you have some income left over.
d. means none of the above.
a. is unaffordable.
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Capital is appropriately classified as a
A. flow. B. process. C. stock. D. growth rate.
Which of the following did not contribute to the U.S. banking collapse of 1929-1933?
a. The Federal Reserve System and other government agencies did not act quickly or decisively enough b. Deposit insurance did not exist at that time. c. The banking industry consisted of only a few very large banks. d. The fact that the economy was in a continuous downward spiral during this period undermined depositors' confidence in the solvency of the banks.
Professor Milton Friedman stated that "inflation is a monetary phenomenon." What did he mean by this statement and what is the basis for this assertion?
What will be an ideal response?
The invention of new mining methods will affect price through the supply side.
Answer the following statement true (T) or false (F)