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Define the term market system. A. a series of buildings dedicated to selling goods and services B. any arrangement that people have to trade goods and services C. a structure under which people interact D. the system by which markets are organized
Weegy: C. a structure under which people interact. A market system is any systematic process enabling many market players to bid and ask: helping bidders and sellers interact and make deals. (More)
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Asked 3/5/2012 9:38:40 AM
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Based on the chart below, what is the year 2 nominal GDP? A. $14,850 B. $24,000 C. $15,600 D. $8,400
Weegy: Incomplete question, no chart found! User: Economists who study macroeconomics are concerned with all of the following EXCEPT A. the gross domestic product (GDP). B. the business cycle. C. the purchases of a single individual. D. assessing economic trends and practices of the aggregate. Weegy: B (More)
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Asked 3/5/2012 9:58:44 AM
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The _____ is a pattern of irregular yet repeated flow of expansion and contraction of aggregate economic activity. A. economic revolution B. gross domestic calculation C. business cycle D. macroeconomic scale
Weegy: C. business cycle User: What does it signify if point 2 shifts down and to the left? A. The price level and the real GDP are falling. B. The real GDP is falling, and supply is increasing. C. The price level is rising, and production is increasing. D. The price level is falling, and demand and the real GDP are rising. Weegy: D. The price level is falling, and demand and the real GDP are rising. User: The GDP is the _____ of all _____ goods and services produced within _____ in a given period of time. A. product / unsold / a community B. price / purchased / a market C. total / exported / an economy D. market value / final / a country Weegy: D. market value / final / a country User: The study of large-scale economic phenomena is called A. macroeconomics. B. Keynesian economics. C. microeconomics. D. megaeconomics. Weegy: A. macroeconomics User: Through macroeconomic study, governments and other participants in the economy can more efficiently do all of the following EXCEPT A. maintain a free enterprise system in which there exists a social and political commitment to giving people the freedom to compete in the marketplace. B. keep people just above the poverty threshold, but below self-sufficiency. C. maintain conditions in which people who want jobs can find them. D. provide for the public good. Weegy: C. maintain conditions in which people who want jobs can find them. User: What is the point of equilibrium? A. the point at which the price will stay the same no matter the quantity of aggregate goods and services available B. the point at which stable prices can increase the real GDP C. the point at which the supply produced will decrease demand D. the point at which the quantity of aggregate goods and services demanded equals the quantity produced Weegy: A. the point at which the price will stay the ... (More)
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Expert Answered
Asked 3/5/2012 9:41:09 AM
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Define the term inflation. A. a decrease in production B. a general increase in prices C. falling revenues D. the depletion of money
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Updated 8/8/2014 6:02:57 AM
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The term inflation means: general increase in prices.
Added 8/8/2014 6:02:57 AM
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