When a good does not have a __________ attached to it, private markets fail to ensure that the good is produced and consumed in the proper amounts

Fill in the blank(s) with correct word


price

Economics

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Stabilization policy may be necessary to modify or counteract volatile changes in aggregate demand

a. True b. False Indicate whether the statement is true or false

Economics

The following are national income account data for a hypothetical economy in billions of dollars: government purchases ($940), personal consumption expenditures ($4920), imports ($170), exports ($133), and gross private domestic investment ($640). What is GDP in this economy?

A. $6537 billion. B. $6633 billion. C. $6500 billion. D. $6463 billion.

Economics

Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 

A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C

Economics

The method of determining the value of land by determining what similar properties have sold for in the recent past is called the ________

Fill in the blank(s) with correct word

Economics