Without stabilized prices_______________?
Correct answer: D. all of the above
- A. product market demand is problematic
- B. resource market demand is problematic
- C. the distribution of income becomes more inequitable
- D. all of the above
Explanation
Unstable prices make decisions in both product and resource markets more difficult and can redistribute income unfairly between borrowers, lenders, workers and firms. Thus, all the listed effects can occur.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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