When a change in the price level causes a change in the purchasing power of currency, which then changes planned real expenditures at all income levels, it is called

A) the real-balance effect. B) the open-economy effect.
C) the substitution effect. D) the interest rate effect.

Economics

Does economic growth eliminate scarcity?

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Economics

If Julia deposits $2,000 (which she has until now kept in her closet as cash) in her savings account, then the M1 money supply will decrease

a. True b. False Indicate whether the statement is true or false

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Economics