New classical economists contend that both the short-run and long-run aggregate supply curves are vertical
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Barter may be the only alternative: a. if the supply of money dries up. b. if the price system is not allowed to function properly. c. if disinflation sets in
d. if hyperinflation sets in. e. if fiat money is discontinued.
Economics
When a perfectly competitive, well-functioning market is in equilibrium:
A. total surplus is maximized. B. the market is efficient. C. deadweight loss is zero. D. All of these are true.
Economics