When aggregate demand intersects aggregate supply in its vertical segment, unemployment will result
Indicate whether the statement is true or false
F
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When Starbucks accepts your $10 bill for two Grande Lattes and one Tall Caramel Macchiato, the $10 bill serves as a
A) medium of exchange. B) store of value. C) standard of value. D) commodity money.
Game theory is the tool that economists use to analyze strategic behavior, which is behavior that takes into account the ________ behavior of others and the mutual recognition of ________
A) unexpected; interdependence B) unexpected; independence C) expected; interdependence D) expected; independence E) random; profit
The Sherman Act of 1890
A) established the corporate income tax. B) prohibited price-setting agreements among sellers. C) required employers to bargain collectively with labor unions. D) set maximum prices railroads could charge interstate shippers. E) set minimum prices railroads could charge without being guilty of unfair trade practices.
The government makes all economic decisions in a centrally planned economy
Indicate whether the statement is true or false