The problem causing most recessions is too little
A) spending. B) taxes.
C) money (currency plus checking accounts). D) unemployment.
A
Economics
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Comment on the following statement: "When there are no externalities present, the level of output for a private good produced by a perfectly competitive firm is efficient."
What will be an ideal response?
Economics
Suppose a one-year discount bond offers to pay $1000 in one year and currently has a 15% interest rate. Given this information, we know that the bond's price must be
A) $869.56. B) $1150. C) $850. D) $950. E) none of the above
Economics