Equilibrium prices coordinate the actions of producers and consumers. ?
Answer the following statement true (T) or false (F)
True
Rationale: Without any particular individual intentionally directing the formation of p* the natural tendency is in place for p* to emerge as individual consumers and producers simply try to do the best they can for themselves.
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The current account deficits incurred by the United States in the 1990s and early 2000s were caused, in the opinion of many economists, by
A) federal budget deficits. B) a sharp decline in private saving. C) "flight to quality" as foreign investors favored U.S. investments. D) Both B and C are correct.
In a competitive equilibrium all these relationships hold but one. Which one?
A) Nd=Ns B) Y=G+C C) G=T D) w=z
As economic growth rises, literacy rates tend to fall
a. True b. False Indicate whether the statement is true or false
When a government prints money to finance its expenditures, it is likely to cause
A. reductions in the use of barter. B. unemployment. C. deflation. D. inflation.