Which is not a key economic question?
a. What goods and services should be produced?
b. How should these goods and services be produced?
c. Who consumes these goods and services?
d. How should these goods and services be paid for?
Ans: d. How should these goods and services be paid for?
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What is the money multiplier?
a) A measure of the potential or maximum amount the money supply can increase when new deposits enter the system. b) A measure of the amount of excess reserves banks hold. c) A measure of the amount of total reserves banks hold. d) A measure of the maximum amount of savings that can happen when account holders deposit money in a bank account.
At times, converging economies must live with a degree of uncertainty over inflation that would be politically unacceptable in the high-income economies.
Select whether the statement is true or false. A. True B. False