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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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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. ... (More)
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Asked 3/5/2012 9:41:09 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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