Economic Policy Answers

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Which best describes the purpose served by economic models within an economic system?

Models identify patterns.

Models determine the business cycle.

Models control change.

Models define global demand.

Banks pay interest to customers through a

savings account.

credit card account.

mortgage account.

401k account.

Hyperinflation can occur when

consumers begin purchasing more goods.

producers need more money to make and distribute goods.

companies raise prices to pass on costs to consumers.

the government prints a ton of money in order to pay off its debt.

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