Your scarcity problem would disappear if you were rich

a. True
b. False
Indicate whether the statement is true or false

False

Economics

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Make use of a T-account to show the effect of the Fed's sale of $500 million worth of government securities on the Fed's balance sheet. (assume the Fed receives a check from the sale of securities)

What will be an ideal response?

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U.S. real GDP is substantially higher today than it was 60 years ago. What does this tell us, and what does it not tell us, about the well-being of U.S. residents?

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