A study of the per capita consumption of gasoline: in 10 countries demonstrates that:
A. the consumption of gasoline does not appear to be related to the price of gasoline.
B. higher gasoline prices reduce consumption in some of those countries, but not in others.
C. higher gasoline prices do result in lower consumption of gasoline.
D. higher gasoline prices actually increase the consumption of gasoline.
C. higher gasoline prices do result in lower consumption of gasoline.
Economics
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An economy in which output has decreased and prices have decreased would suggest a:
A. decrease in short-run aggregate supply. B. increase in aggregate demand. C. increase in short-run aggregate supply. D. decrease in aggregate demand.
Economics
Transaction money is
A. M1. B. M2. C. M3. D. M4.
Economics