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Author Question: Economists use the term wealth to mean A) what a person earns. B) a person's investment. C) ... (Read 44 times)

cabate

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on: Jun 29, 2018
Economists use the term wealth to mean
 
  A) what a person earns.
  B) a person's investment.
  C) what a person owns.
  D) the amount of income that is spent and not saved.
  E) the same thing as income.

Question 2

The 2008-2009 recession must have been a result of ________ because otherwise the combination of the ________ cannot be explained.
 
  A) a decrease in AD and an increase in AS; rise in the price level and the decrease in real GDP
  B) a decrease in AD and AS; rise in the price level and the decrease in real GDP
  C) a decrease in AD and AS; decrease in the price level and the decrease in real GDP
  D) a decrease in AD and an increase in AS; fall in the price level and the decrease in real GDP
  E) an increase in AD and AS; rise in the price level and the decrease in real GDP


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Qarqy

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


cabate

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

kjohnson

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Reply 3 on: Yesterday
Excellent

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