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
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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)
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?
A profit-maximizing firm invests up to the point at which the marginal rate of return on capital is greatest
a. True b. False
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