The Resource Market Is Important from a Macroeconomic Perspective Because

question 163

Multiple Choice

The resource market is important from a macroeconomic perspective because

• A) it coordinates the allocation of productive resources and determines the costs of production.
• B) it determines the interest rates faced by borrowers and lenders.
• C) inflation rates are set in the resource market by the government.
• D) resource prices determine the position of the long-run aggregate supply curve.

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Forcibly

Using physical strength or power to make something happen or to make someone do something against their will.

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The refusal or inability to accept something as true, often characterized by skepticism or rejection of a stated fact or notion.