The demand for money is a downward sloping line that depicts the relationship between the price level and the opportunity cost of holding money
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Economic growth is measured by
A) increases in the population. B) increases in GDP. C) increases in per capita real GDP. D) increases in the value of the total output of society.
Economics
Economic profit is
A) revenue - variable costs + fixed costs. B) revenue + variable costs - fixed costs. C) revenue - variable costs - fixed costs. D) revenue/cost of capital.
Economics