A ________ traces out the behavior of the economy over time
A) dynamic equilibrium B) static equilibrium
C) steady-state equilibrium D) comparative equilibrium
A
Economics
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As an additional consumer obtains the benefits of a public good such as national defense, the benefits to existing consumers: a. decline
b. increase. c. increase in the short run, but decrease in the long run. d. do not change.
Economics
Kristine has a savings account at a bank. If the nominal interest rate she earns exceeds the rate of inflation, then her purchasing power increases over time
a. True b. False Indicate whether the statement is true or false
Economics