The price of a good will tend to rise when
What will be an ideal response?
There is excess demand for the good.
Economics
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Are tariffs and quotas equivalent in their economic effects? Demonstrate
What will be an ideal response?
Economics
A good example of a policy to increase an economy's saving rate is ________
A) to reduce poverty B) to increase the economic growth rate C) to increase government spending D) to reduce interest rates E) to increase sales taxes
Economics
Consider the above figure. At an income of $60 we would expect saving to be equal to
A) $60. B) $40. C) $10. D) $0.
Economics
The tradeoffs and connections between the goals of macroeconomics may be ___________ in the short run and the long run.
a. similar b. different c. identical d. problematic
Economics