The total of all planned production for the entire economy is known as
A) aggregate inflation. B) aggregate supply.
C) aggregate expenditures. D) aggregate demand.
B
Economics
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The term "fiduciary" comes from the Latin fiducia, which means
A) value. B) gold. C) money. D) trust or confidence.
Economics
Because resources are not equally well suited to producing all goods,
A. as more of a good is produced the inputs used to produce that good will increase in price. B. the opportunity costs of producing a good will increase as more of that good is produced. C. as more of a good is produced the quality of that good declines and therefore the costs of production increase. D. the opportunity costs of producing a good will decrease as more of that good is produced.
Economics