According to economists, "money" means the same thing as "wealth"
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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One of the causes of structural unemployment is _______ shocks.
A. small, slow, and relatively permanent B. large, quick-hitting, temporary C. large, quick-hitting, and relatively permanent D. large, slow, and relatively permanent
Economics
If elasticity of demand is 1.8, elasticity of supply is 0.2, and a 20 percent excise tax is levied on the good:
A. sellers pay 10 percent of the tax. B. consumers pay 20 percent of the tax. C. consumers pay 10 percent of the tax. D. sellers pay 20 percent of the tax.
Economics