In a free market, what happens if there is a surplus? The price ________.
falls
rises
stays the same
rises in the short run and falls back to its original level in the long run
falls
Economics
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Innovations, including new products and services, in financial markets and institutions have made the job of defining the money supply easier
Indicate whether the statement is true or false
Economics
It is easy to discern the difference between vigorous competition and the exercise of monopoly power
a. True b. False Indicate whether the statement is true or false
Economics