What is a firm?
What will be an ideal response?
A firm is an organization that comes into being when an individual or a group of individuals decide to produce a good or service to meet a perceived demand. Most firms exist to make a profit.
Economics
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A financial crisis may develop into a vicious cycle due to:
a. a recession that worsens banking problems. b. increased net capital inflows due to the crisis. c. exchange rate depreciation that increases output. d. banks becoming more liberal in granting loans.
Economics
Monetizing the deficit contributes to the inflationary pressures that are already present in the economy
a. True b. False Indicate whether the statement is true or false
Economics