If the economy is not operating at full-employment real GDP, classical economists prescribe a government policy of nonintervention
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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In Moscow in 1989, what were taxi drivers using as a medium of exchange?
A) Russian rubles B) Marlboro cigarettes C) gold coins D) caviar
Economics
A consumer is in equilibrium when the slope of his or her indifference curve is equal to his or her budget constraint
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following activities describes the opportunity cost of attending an economics class?
What will be an ideal response?
Economics
When you deposit funds in a bank and then the bank lends these funds to a borrower, the bank is engaged in
A. universal banking. B. financial intermediation. C. fiduciary investment. D. fraudulent behavior.
Economics