________ exists because unlimited wants exceed the limited resources available to fulfill those wants

Bauxite is used for making aluminum. Which of the following will happen if bauxite prices fall, assuming all else equal?

A) The labor demand curve of aluminum manufacturers will shift to the right. B) The labor demand curve of aluminum manufacturers will shift to the left. C) Aluminum manufacturers will move to a higher point along their labor demand curves. D) Aluminum manufacturers will move to a lower point along their labor demand curves.

Inflation is an increase in the overall price level in the economy

a. True b. False Indicate whether the statement is true or false