Both Sally and Sam receive a 10% raise in a single year. Sally increases her demand for ground beef whereas Sam decreases his demand for ground beef
A) This is impossible.
B) This is only possible if Sally considers ground beef an inferior good, and Sam views it as a normal good.
C) This is only possible if Sally has lower income than Sam.
D) This is only possible if Sally considers ground beef a normal good and Sam views it as an inferior good.
D
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A) the short-run equilibrium level nominal GDP is above the short-run real GDP. B) the short-run equilibrium level nominal GDP is below the short-run real GDP. C) total planned real expenditures exceed total planned production in the long run. D) the short-run equilibrium level of real GDP is below the full-employment level of real GDP.
The Eurocurrency market grew due to a lack of regulation, which permits greater efficiency in providing banking services
Indicate whether the statement is true or false