Cash is an example of a liquid financial asset.
Answer the following statement true (T) or false (F)
True
A liquid asset like cash is easily converted into another asset or good.
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Any change that shifts the supply curve outward to the right and does not affect the demand curve will lower the equilibrium price and raise the equilibrium.
Answer the following statement true (T) or false (F)
Refer to Figure 12-6. To maximize his profit, Jason should produce the rate of output indicated by point
A) d. B) b. C) e. D) a.
Keynesian economists worked at perfecting techniques of economic stabilization in order to fine-tune the economy
Indicate whether the statement is true or false
A movement from an upper point to a lower point on the Phillips curve shows
a. decrease in the inflation and decrease in the unemployment. b. increase in the inflation and decrease in the employment. c. increase in the inflation and increase in the employment. d. decrease in the inflation and increase in the unemployment.