The price of a good will tend to rise when
a. there is excess demand for the good.
b. there is excess supply of the good.
c. demand for the good decreases.
d. the supply of the good increases.
A
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A) store of value B) loanable fund C) unit of account D) medium of exchange
If aggregate demand in the U.S. had grown more slowly than it actually did in 2010, the
a. unemployment rate would have been even lower. b. inflation rate would have been even lower. c. unemployment rate would have been the same. d. economy would have grown faster.
Command-and-control policies decrease net social welfare
a. True b. False Indicate whether the statement is true or false
Property taxes are the main source of funding for public schools.
Answer the following statement true (T) or false (F)