In the economic way of thing, speculation could be effectively abolished if society could abolish
A) money.
B) greed.
C) profit seeking.
D) private property rights.
E) uncertainty.
E
Economics
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If the economy is initially at long-run equilibrium and aggregate demand expands, then in the long run the price level
a) and output are lower than in the original long-run equilibrium. b) is higher and output is the same as the original long-run equilibrium. c) and output are higher than in the original long-run equilibrium. d) is the same and output is lower than in the original long-run equilibrium.
Economics
What is deadweight loss and under what conditions does it occur?
What will be an ideal response?
Economics