Saving and borrowing is indicative of a family that
a. is most likely to be poor.
b. has a difficult time balancing its standard of living.
c. does not adjust its standard of living to reflect transitory changes in income.
d. is most likely millionaires.
c
Economics
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A decrease in the price of a firm's output will shift the firm's demand curve for labor to the right, other things being equal
a. True b. False Indicate whether the statement is true or false
Economics
An unexpected event like a drought in the Midwest causing a loss of wheat crops would be an example of
a. a stagflation shock. b. a supply shock. c. an input shock. d. a productivity shock.
Economics