How does the existence of money reduce the costs of making transactions, relative to a society based entirely on barter?
September 3, 2020
Assume the demand being perfectly inelastic, and supply suddenly doubles due to innovative technique of production.
September 3, 2020

What is a government budget deficit? How does a federal budget deficit affect the economy? How does it affect the level of investment and interest rates? How does it affect the individual consumer? Give at least three examples in your response.

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