Which of the following is the least liquid asset?

The fundamental economic problem is: a. poverty

b. unemployment. c. scarcity. d. inflation.

In the short run,

a. spending depends on income and income depends on spending b. spending depends on income, but income does not depend on spending c. income depends on spending, but spending does not depend on income d. spending and income are independent of one another e. spending is the only determinant of how much income an economy will produce