When gold production was low in the 1870s and 1880s, the money supply grew ________ causing ________
A) rapidly; inflation
B) rapidly; disinflation
C) slowly; deflation
D) slowly; disinflation
C
Economics
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Figure 5-3
In Figure 5-3, a decline in price from 3 to 1 will increase market quantity demanded by
a.
30.
b.
40.
c.
50.
d.
60.
Economics
For a market to be characterized by monopoly, there must be
A. a large number of firms with no one able to influence price. B. barriers to entry and exit. C. good information about sales and costs. D. indistinguishable products being sold.
Economics
The national debt is the difference between current government expenditures and taxes.
a. true b. false
Economics
Across different output levels, a firm can experience both economies and diseconomies of scale.
Answer the following statement true (T) or false (F)
Economics