Even though households may have unlimited wants, they have to allocate their spending carefully because they
a. do not want their credit card bills to be too high
b. worry about their taxes
c. have limited intelligence
d. have limited incomes
e. basically want to become wealthy
D
Economics
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For a given nominal interest rate, a reduction in expected inflation will cause
A) a reduction in the real interest rate. B) an increase in the real interest rate. C) an increase in investment. D) an increase in money demand.
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Discuss the pros and cons of oligopoly from the perspective of U.S. society.
What will be an ideal response?
Economics