If the prices of goods begin to rise rapidly, people may find it difficult to maintain their lifestyles. Explain why

What will be an ideal response?

The prices they pay for goods and services will increase and they will have to make sacrifices in other areas in order to maintain a lifestyle without going deeply into debt.

Economics

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Owners of corporations are referred to most frequently as

a. entrepreneurs b. lien holders c. limited partners d. managers e. stockholders

Economics

In the aggregate expenditures model, an increase in government spending causes a(n):

a. upward shift in the aggregate expenditures curve. b. downward shift in the aggregate expenditures curve. c. shift in the 45-degree line. d. rightward movement along the aggregate expenditures curve. e. leftward movement along the aggregate expenditures curve.

Economics