In economics, money refers to
A) income.
B) wealth.
C) assets used and accepted as payment.
D) currency.
C
Economics
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"When there is a shortage of loanable funds, the real interest rate will increase." Explain whether the previous statement is correct or not
What will be an ideal response?
Economics
In Country Z, the government simultaneously increases its expenditures by $25 billion and increases taxes by $25 billion. If the MPS is equal to 0.2, the government's action ________ real GDP by ________
A) increases; $125 billion B) increases; $25 billion C) increases; $100 billion D) has no effect on; $0
Economics