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