At times risk averse people are willing to _____ to avoid risk.
Fill in the blank(s) with the appropriate word(s).
Answer: pay
Economics
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An expansion ends when the economy hits a trough and then enters a recession
Indicate whether the statement is true or false
Economics
Explain why you would rather be a borrower during a period of unexpected rising inflation, and a lender during a period of unexpected declining inflation
What will be an ideal response?
Economics