In the economic way of thinking, a "good" is defined as
What will be an ideal response?
anything in which having more of it is preferred to having less.
Economics
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Debt deflation occurs when
A) an economic downturn causes the price level to fall and a deterioration in firms' net worth because of the increased burden of indebtedness. B) rising interest rates worsen adverse selection and moral hazard problems. C) lenders reduce their lending due to declining stock prices (equity deflation) that lowers the value of collateral. D) corporations pay back their loans before the scheduled maturity date.
Economics
The closest thing in the real world to a negative income tax is the _____
a. AARP b. EITC c. TANF d. AFDC
Economics