Economists use the phrase, "dollar bills left on the sidewalk" for describing systematically missed opportunities
Indicate whether the statement is true or false
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How have depository institutions made innovations that have influenced the composition of money?
What will be an ideal response?
With regard to environmental programs and regulations, economic analysis indicates that
a. environmental quality is something that people value and, therefore, are willing to pay for. b. people value many other things, but environmental values always come first. c. income levels exert little impact on the demand for environmental quality. d. the cost of an environmental policy matters little if the policy provides environmental health benefits.
Lawrence’s country has had three different governments in the last two years. Lawrence knows several people who had their property seized without payment when the new government took over. People are no longer starting businesses or buying buildings because they have no way to guarantee that they will still own them tomorrow. What is the likely result of the situation in Lawrence’s country?
a. The incentive to invest is high. b. The private sector will step in to increase growth. c. The country will have a low rate of economic growth. d. The country will have a high rate of output per capita.
The quantity of money demanded __________. Consumers and firms spend ___________.
Fill in the blank(s) with the appropriate word(s).