The store of value does not require that money hold its value of time in terms of its purchasing power
Indicate whether the statement is true or false
FALSE
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If supply of a product increases and demand for the product decreases, equilibrium price will definitely change
Indicate whether the statement is true or false
In the long run, does it matter whether a policy action was anticipated or not?
What will be an ideal response?
In some rural regions of the United States, residents harvest much of their food supplies directly from nature by hunting, fishing, and gathering. With regard to these subsistence activities: a. GDP will overestimate the true value of the nation's production of final goods and services
b. GDP will underestimate the true value of the nation's production of final goods and services only when the income approach is used. c. GDP will correctly estimate the true value of the nation's production of final goods and services. d. GDP will underestimate the true value of the nation's production of final goods and services.
Even though international trade in undertaken voluntarily, a country that engages in trade may not benefit from it
a. True b. False Indicate whether the statement is true or false