In markets with perfect competition, no need for buyers & sellers to search for "true" market value of an asset; it is continuously revealed by transaction prices of _____________________.

Fill in the blank(s) with the appropriate word(s).

Ans: perfect substitutes

Economics

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During recessions, changes in investment spending are the biggest contributor to changes in

a) retail sales. b) consumer spending. c) real GDP. d) personal income.

Economics

Explain how the money market determines the equilibrium interest rate

What will be an ideal response?

Economics