In economics, what is the ability of a borrower to repay a loan called?
Answer
Creditworthiness
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In economics, what is the ability of a borrower to repay a loan called?
Answer
Creditworthiness
In economics, what is a sustained rise in the general price level called?
Answer
Inflation
In economics, what is the study of economy-wide output, employment, and inflation called?
Answer
Macroeconomics
In economics, what is the situation called when people hold cash because interest rates are extremely low?
Answer
Liquidity trap
In economics, what term describes a market where one seller supplies a product with no close substitute?
Answer
Monopoly
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In economics, what is the value of a country's currency based on the prices of goods in different countries called?
Answer
Purchasing power parity
In economics, what term describes a sustained increase in output per worker or per hour worked?
Answer
Labor productivity growth
In economics, what curve shows the maximum combinations of two goods an economy can produce with available resources?
Answer
Production possibility frontier