A market system (market economy) depends on the market to

a. find the most efficient way of using resources.
b. determine how large the budget deficit should be.
c. decide how much government regulation there should be.
d. provide minimum incomes for everyone.
e. All of the above are correct.

a

Economics

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Inflation caused by an increase in aggregate spending is referred to as:

A. demand-push inflation. B. demand-pull inflation. C. hyperinflation. D. cost-push inflation.

Economics

A horizontal line always has a slope of one.

Answer the following statement true (T) or false (F)

Economics