According to an old saying, when too much money is chasing too few goods, we have a(n)
a. recessionary gap.
b. inflationary gap.
c. full employment.
d. paradox of thrift.
b
Economics
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When Jimmy is shopping for fire insurance for his condo, he finds that the insurance companies all require smoke detectors be installed before they will issue a policy. This is a way for the insurance companies to help reduce the problem of ________
Fill in the blank(s) with correct word
Economics
When the price of popcorn falls, before there is any change in consumption, the
A) marginal utility of popcorn definitely increases. B) marginal utility per dollar from popcorn definitely increases. C) total expenditure on popcorn definitely rises. D) entire total utility of popcorn curve definitely shifts rightward.
Economics