Solved

When People Want More Goods and Services Than Are Available,the

Question 74

Multiple Choice

When people want more goods and services than are available,the economy undergoes inflation.Which economic principle does this statement BEST represent?


A) There are gains from trade.
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.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions