Increasing opportunity cost exists
A) only in theory but not in real life.
B) in the real world.
C) for a country but not for an individual.
D) as long as there is high unemployment.
E) inside the PPF but not on the PPF.
B
Economics
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When the Fed sets a money supply target,
a. it expects the economy is heading toward recession b. the demand for money adjusts to the discount rate c. the legal reserve requirement becomes ineffective d. the resulting interest rate is set as well e. the interest rate is determined solely by the position of the demand curve for money
Economics
A price increase will always cause a firm's revenue to fall, because they will sell less of the good
a. True b. False Indicate whether the statement is true or false
Economics