When the economy is on the flat part of the AS curve, there is very little crowding out of planned investment.
Answer the following statement true (T) or false (F)
True
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Most of the state and local government employees are in what area?
A. Education B. Highways C. Health care D. Administration
A unit of account
A) is a type of accounting of how many currency units there are in an economy. B) is an accounting of the total units of goods and services produced in an economy. C) is an agreed measure for stating the prices of goods and services in an economy. D) is a type of value stored within all assets.
In the process of reducing pollutants in our environment, we are
A) achieving a cleaner environment at no real cost. B) causing higher levels of unemployment. C) reallocating resources in an inefficient manner. D) trading off less of other goods and services for a cleaner environment.
Which of the following is a store of value?
a. Passbook savings deposit b. Federal Reserve notes c. Debit card d. Each of the answers is a store of value.