An increase in the price level results in a(n) ________ in household consumption spending and a(n) ________ in investment spending
A) decrease; increase B) increase; decrease C) increase; increase D) decrease; decrease
D
Economics
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Scarcity refers to the situation in which
A) unlimited wants exceed limited resources. B) a country's population is larger than its resource base. C) a nation's poverty level increases faster than its population. D) unlimited resources exceed limited wants.
Economics
In a market socialist economy
a. Resources are allocated by the market b. Property is owned by the state or by collectives c. Information is centralized d. There are no public choices e. Both a and b
Economics