Money is what people in a society regularly use when purchasing or selling goods and services.
Select whether the statement is true or false.
A. True
B. False
A. True
This statement is true. Money is what people in a society regularly use when purchasing or selling goods and services.
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Refer to the figure above. Which of the following is likely to happen if a price control of $40 is imposed?
A) There will be a surplus of 10 units in the market. B) There will be a shortage of 10 units in the market. C) There will be a surplus of 20 units in the market. D) There will be a shortage of 20 units in the market.
If aggregate demand in the United States 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.