Demand shows
a. the various quantities people are willing and able to buy at various prices, ceteris paribus.
b. the various quantities people are able and willing to buy at various prices.
c. the various prices people face when buying.
d. how much people buy at one specific price.
a. the various quantities people are willing and able to buy at various prices, ceteris paribus.
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In autarky, when a community maximizes its standard of living, its production point is
A) below the production possibility frontier. B) on the production possibility frontier. C) above the production possibility frontier. D) Can't tell without more information.
How has the severity and duration of business cycles changed over time in the United States?
What will be an ideal response?