Solve the Problem Using the Elimination Method

question 61

Multiple Choice

Solve the problem using the elimination method.
-The sum of two numbers is 100 . The second number is three times as large as the first number. What are the numbers?

• A) 22 and 78
• B) 23 and 69
• C) 23 and 77
• D) 25 and 75

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Definitions:

Money Supply

The total amount of money available in an economy at a specific time, including cash, coins, and balances held in checking and savings accounts.

Aggregate Supply

The total supply of goods and services that firms in an economy are willing and able to sell at a given overall price level in a specified time period.

Classical Economists

Economists from the 18th and 19th centuries who focused on developing theories about the functioning of markets and economies.

Recessions

Times of short-term economic downturn characterized by a decrease in commerce and industrial operations, usually recognized by a decrease in Gross Domestic Product (GDP) for two consecutive quarters.