The price system automatically leads to an efficient allocation of inputs among the different production processes
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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An economy that experiences a fall in the price level over two consecutive quarters necessarily experiences
A) a recession. B) inflation. C) deflation. D) disinflation.
Economics
An increase in the price level will
A) move the economy down along a stationary aggregate demand curve. B) move the economy up along a stationary aggregate demand curve. C) shift the aggregate demand curve to the left. D) shift the aggregate demand curve to the right.
Economics