If the price of a good increases compared to the base year, then the price level also increases

a. True
b. False
Indicate whether the statement is true or false


True

Economics

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If Abercrombie & Fitch borrows $8 million from a bank to finance the construction of a new store, this is an example of

A) indirect finance. B) a bond market transaction. C) direct finance. D) a stock market transaction.

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Pareto improvement can be a reallocation of resources that makes more than one person better off.

A. True B. False C. Uncertain

Economics

Since 1970, the U.S. economy has experienced 2 periods of high inflation.

Answer the following statement true (T) or false (F)

Economics

Per capita means per person.

Answer the following statement true (T) or false (F)

Economics