When People Want More Goods and Services Than Are Available

question 199

Multiple Choice

When people want more goods and services than are available, the economy undergoes inflation. This statement best represents this economic concept:

• A)Resources are scarce.
• B)When markets don't achieve efficiency, government intervention can improve society's welfare.
• C)Overall spending sometimes gets out of line with the economy's productive capacity.
• D)Government policies can change spending.

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