I’m working on a economics test / quiz prep and need support to help me learn.
a. On the planet Tatooine, Republic Credits are seen as a valid form of money. How would this be possible? Please give a thorough examination and explanation.
b. If a person from Tatooine were to magically appear in America and attempt to use their Republic Credits to a make a purchase, would they be able to? Why or why not?
What are the differences and/or similarities between the supply curve and the aggregate supply curve?
In your answer, please be sure to address and define any relevant terms, such as: the axis on the graph(s), the overall shape of each curve, the reason behind the shape of each curve, what these concepts are measuring, when they might be relevant/used within economics etc.