__________ are never borrower-spenders

A) Governmental bodies
B) Business firms
C) Households
D) All of the above can be borrower-spenders.


D

Economics

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In the short-run, an increase in the price of raw materials will ________ the price level and ________ real GDP

A) raise; increase B) lower; increase C) lower; decrease D) raise; decrease E) raise; not change

Economics

Increases in population shift the market supply curve for labor to the right

Indicate whether the statement is true or false

Economics

Proponents of a command economy argue that it promotes:

A. efficiency. B. equity. C. consumer sovereignty. D. economic growth.

Economics

Economic profit is total revenue less economic costs.

Answer the following statement true (T) or false (F)

Economics