When national output rises, the economy is said to be in
A) an expansion.
B) a deflation.
C) an inflation.
D) a recession.
A
Economics
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A sales tax is divided so that buyers pay the full amount if
A) demand has unitary elasticity. B) supply has unitary elasticity. C) demand is perfectly inelastic. D) supply is perfectly inelastic.
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Which of the following is most likely to be private property?
A) bees B) house flies C) farm raised chickens D) winds
Economics