According to the text, economic decision making refers to:
A) comparing costs and benefits.
B) rejecting wish-driven strategies.
C) ensuring that wants and needs are matched.
D) analyzing demand and supply.
E) forecasting.
A
Economics
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Which of the following statements is true of the quantity theory of money?
A) The theory explains the relationship between growth in real GDP and changes in nominal interest rates. B) The theory states that inflation will always be positive. C) Predictions of the theory can be verified with data. D) The theory is applicable only in the short run.
Economics
What condition has been reached when buyers will purchase exactly as much as sellers are willing to sell?
a. supply and demand b. excess demand c. equilibrium d. price floor
Economics