We can explain continued increases in both output and the price level by supposing that only aggregate demand shifted right over time
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Government-imposed limits on price movements are likely to
A. increase economic efficiency. B. decrease economic efficiency. C. leave economic efficiency unchanged. D. promote economic growth in the economy.
Economics
Explain how scarce jobs are allocated when a minimum wage is in place
What will be an ideal response?
Economics
A passbook savings account serves as
A) a medium of exchange and a store of value. B) a medium of exchange but not a store of value. C) a store of value but not a medium of exchange. D) as neither a store of value nor a medium of exchange.
Economics
Briefly explain the process of multiple deposit creation
What will be an ideal response?
Economics