Answer:
2. False
Explanation:
The market for money is like the market for any other good: if demand is higher than supply, then, the price of money (the interest rate), will have to be lowered, so that money becomes cheaper and more abundant, and supply and demand become equal and reach equilibrium.
In this case, the centrla bank needs to lower the interest rates by buying bonds. When the central bank buys bonds, it prints more money that is put in the market, effectively increasing the supply of money, and lowering the interest rate in the meantime.
Answer:
"alienation"
Explanation:
Karl Marx was a German philosopher born in Trier, Germany on May 5, 1818. According to my research on studies by Karl Marx, I can say that based on the information provided within the question the term used to describe this is called "alienation".
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c. demand for that good is more elastic than if you spent a smaller portion of your income on the good.
Demand elasticity is the change in demand as the price changes - aka price has a big effect on demand.
Think about if the cost of a candy bar doubles from $1 to $2. This is a big increase but $2 isn't a huge portion of your income so it isn't a huge deal and you will probably keep buying. Now imagine if your car payment doubles from $350 to $700. Because this is such a big portion of your income, you will probably look to trade it in for a cheaper car.
