An increase in energy costs will most likely cause the price level and rGDP to change in which of the following ways?
A) Increase/Increase
B) Increase/Decrease
C) Increase/No change
D) Decrease/Increase
E) Decrease/Decrease
Ans: B) Increase/Decrease
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The circular flow model shows that: a. households are on the demand side of the resource market
b. firms are on the demand side of both the product and resource markets. c. households are on the supply side of the resource market and the demand side of the product market. d. firms and governments are on the supply side of the loanable funds market. e. governments are on the demand side of the product market and the supply side of the resource market.
The earliest paper money was bank notes, which were pieces of paper issued by banks, ornately printed to frustrate counterfeiters, and
What will be an ideal response?