Economics deals primarily with the concept of
Economics is the study of
a. production methods.
b. how society manages its scarce resources.
c. how households decide who performs which tasks.
1. The model of aggregate demand and aggregate supply explains the relationship between
a. the price and quantity of a particular good.
b. unemployment and output.
c. wages and employment.
d. real GD
Macro Quiz 3 Ch 17 Monetary Growth & Inflation
Indicate whether the statement is true or false.
1. If the quantity of money supplied is greater than the quantity demanded, then prices should fall.
2. The money supply curve shifts to the lef
Identify the letter of the choice that best completes the statement or answers the question.
1. Economics deals primarily with the concept of
2. Approximately what perc