A business cycle is the...
What will be an ideal response?
pattern of short-run upward and downward movements in production and jobs
Economics
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What are institutions? What is the institutions hypothesis of economic growth?
What will be an ideal response?
Economics
In economics, the term for a person who reduces transaction costs by arranging trades for buyers and sellers is
a. an exchange broker. b. a middleman. c. a transactions specialist. d. an opportunity finder.
Economics
inflation caused by an increase in the per-unit production costs at each level of total spending
What will be an ideal response?
Economics
How does the production possibilities frontier illustrate production efficiency?
What will be an ideal response?
Economics