When inflation equals the value determined by past expectations and pricing decisions and output equals the level of short-run equilibrium output consistent with that inflation, the economy is said to be in ________ equilibrium.
A. full-employment
B. potential
C. short-run
D. long-run
Answer: C
Economics
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In the United States, the largest source of funds for public schools is
A) the consumption tax. B) the property tax. C) sales taxes. D) the federal income tax.
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Although gold is highly valued by most people, it is difficult to use as a medium of exchange. Explain
What will be an ideal response?
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Corporations account for a ____ proportion of U.S. firms and a ____ proportion of sales by U.S. firms
a. small; small b. small; large c. large; small d. large; large
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