The use of a debit card is most similar to:

A. Paying with a check

B. Using a stored-value card

C. Using currency

D. Obtaining a short-term loan


A. Paying with a check

Economics

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A cartel is a group of sellers of a single product who have joined together in order to enjoy the advantages of perfect competition.

Answer the following statement true (T) or false (F)

Economics

If equilibrium GDP is $800 billion greater than the full employment GDP and the multiplier is 4, how much is the inflationary gap?

What will be an ideal response?

Economics

A profit-maximizing firm invests up to the point at which the marginal rate of return on capital is greatest

a. True b. False

Economics

Less demand in the economy may increase unemployment; this may lead to less spending which may reduce demand further. This process is called:

a) The upward accelerator b) The downward multiplier c) The upward PPF d) The downward mpc

Economics