When the price system fails to generate an efficient allocation of resources
A) the market will always correct it.
B) consumers will spend less.
C) business will produce more.
D) too few or too many goods will be produced.
D
Economics
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A business cycle expansion increases income, causing money demand to ________ and interest rates to ________, everything else held constant
A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase
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If you have a choice between consuming bundle X or bundle Y, the opportunity cost of consuming bundle X is bundle Y
a. True b. False Indicate whether the statement is true or false
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