The primary goal of economics is to help people make money

Equilibrium is the point where total spending equals total output, or GDP

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

Which of the following statements best describes high-income economies’ relationship with inflation?

a. The high-income economies appear to have a political consensus to hold inflation low, but not the economic tools to do so. b. The high-income economies appear to have the economic tools to hold inflation low, but not the political consensus to do so. c. The high-income economies appear to have both a political consensus to hold inflation low, and the economic tools to do so. d. The high-income economies do not appear to have a political consensus to hold inflation low, and the economic tools to do so.