Microeconomics is the study of how households and firms make decisions and how they interact in specific markets
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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If the Fed tries to lower the unemployment rate so it is lower than the natural unemployment rate, in the long run the SRPC ________ and the LRPC ________
A) shifts downward; shifts leftward B) does not change; shifts rightward C) shifts upward; does not change D) shifts downward; does not change E) does not change; does not change
Economics
People have a demand for liquidity because
A) liquidity increases one's options. B) the rate of interest is positive. C) they have confidence in their own future earning power. D) they prefer present goods to future goods.
Economics