Explain why economics is considered a social science
What will be an ideal response?
Economics is a social science because it studies the actions of individuals. As a social science, economics considers human behavior, particularly decision-making behavior, in every context.
Economics
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A rightward shift in the supply curve of reserves held at the Fed ________
A) reduces the federal funds interest rate B) increases unemployment C) reduces the price level D) increases the tax rates
Economics
To keep the price at the level set by a price support, the government must
A) buy some of the good. B) sell some of the good. C) receive a subsidy from the producers. D) insure that imports are readily available. E) be careful to always set the price support below the equilibrium price.
Economics