A household ________ as long as the utility from the good's consumption is less than its market price.
A. will only buy a good
B. should never sell a good
C. will always buy a good
D. should never buy a good
Answer: D
Economics
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People hold money because it is liquid and lacks risk under the
A. precautionary demand for money. B. money balance demand for money. C. asset demand for money. D. transactions demand for money.
Economics
Refer to the information provided in Table 24.7 below to answer the question(s) that follow.
Table 24.7All Numbers are in $ Million
Refer to Table 24.7. The equilibrium level of aggregate income is $________ million.
A. 1,200 B. 1,300 C. 1,500 D. 1,400
Economics