When there is a recessionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.

Economics is best defined as the study of how people, businesses, governments, and societies

A) choose abundance over scarcity. B) make choices to cope with scarcity. C) use their infinite resources. D) attain wealth.

Why does each of these gas stations have so little control over the price of the gasoline they sell?

What will be an ideal response?