Warren always carries a one hundred dollar bill in case of emergencies. This is an example of the
A) precautionary demand for money.
B) asset demand for money.
C) transactions demand for money.
D) wealth demand for money.
A
Economics
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If a good is price inelastic, a decrease in price will:
A) decrease total revenue. B) increase total revenue. C) not affect income. D) none of the above.
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Government failure means that government intervention fails to move us closer to our economic goals.
Answer the following statement true (T) or false (F)
Economics