Free Markets Coordinate Economic Activity in Such a Way as to Eliminate

question 96

True/False

Free markets coordinate economic activity in such a way as to eliminate the possibility of inflation or unemployment.

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Definitions:

Capital

The financial resources or assets owned by an individual or business, often used to generate income or produce goods and services.

Withdrawals

Funds taken out of a business by the owners for personal use.

Liability Account

An accounting record that captures the amounts a company owes to creditors or suppliers.

Asset Account

A ledger account that tracks the value of an entity's resources or items of value owned, such as cash, inventory, equipment, and real estate.