In economics, the meaning of demand refers to
A) how badly someone wants a good.
B) the quantities of a good that people will buy at various prices.
C) the quantities of a good that people will sell at various prices.
D) the total satisfaction that consuming a good provides people at different prices.
B
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A dominant strategy refers to a strategy where one player knows he will always beat the other player
Indicate whether the statement is true or false
The reason why inflation reduces the value of the multiplier is that part of the change in demand is
a. absorbed by price changes. b. saved rather than spent. c. matched by changes in supply. d. matched by changes in income.
According to classical macroeconomic theory, changes in the money supply change real GDP but not the price level
a. True b. False Indicate whether the statement is true or false
List the four main categories of Federal spending
What will be an ideal response?