Economic models explore decision making by individuals, firms and other organizations
Indicate whether the statement is true or false
TRUE
Economics
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If prices and wages are inflexible downward, a decrease in aggregate demand will:
A. reduce the price level but not real output. B. increase short-run aggregate supply. C. decrease short-run aggregate supply. D. reduce real output but not the price level.
Economics
Patents are a barrier to entry.
Answer the following statement true (T) or false (F)
Economics