An important assumption that is made when constructing a supply schedule is
a. only price and quantity matter in determining supply.
b. firms always want to sell a certain amount of a product.
c. supply is too important to be left to the marketplace.
d. all other determinants of supply are held constant.
e. demand has a positive slope.
d
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The sum of all budget deficits and surpluses is known as the
A) government expenditure. B) budget balance. C) fiscal year. D) government debt.
Give five examples of factors that could reduce the demand for money
What will be an ideal response?
As the opportunity cost of holding money decreases, the quantity demanded of money
A) increases. B) decreases. C) remains unchanged. D) increases, then decreases. E) decreases, then increases.
Explain the difference between correlation and causation and give an example
Please provide the best answer for the statement.