Which of the following is likely to happen if investors in an economy become optimistic following the discovery of huge mineral reserves?
A) Unemployment will increase. B) Consumption will increase.
C) Real wages will fall. D) Prices will fall.
B
Economics
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Refer to Table 20-19. Looking at the table above, what is the rate of growth of the average price level from 2014 to 2015?
A) 1% B) 2% C) 3% D) 4% E) 5%
Economics
The ability of a financial asset to be used to immediately make transactions is called:
A) store of value. B) medium of exchange. C) illiquidity. D) liquidity.
Economics