A perfectly competitive market has:
a. only one seller
b. at least a few sellers
c. many buyers and sellers
d. firms that set their own prices
e. none of the above
C. Many buyers and sellers
Economics
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When the output gap is positive, it represents ________ gap, and when it is negative, it represents ________ ga
A) a recessionary; an inflationary B) an inflationary; a recessionary C) an inflationary; an employment D) an employment; an unemployment E) None of the above answers is correct.
Economics
One difference between the assets included in M1 and those added to calculate M2 is that items in M1 are
a. better stores of value than those added to compute M2. b. more liquid than those added to compute M2. c. less liquid than those added to compute M2. d. larger than those added to compute M2.
Economics