The inflation rate for 2007 is computed by dividing (the CPI in 2007 minus the CPI in 2006) by the CPI in 2006, then multiplying by 100
a. True
b. False
Indicate whether the statement is true or false
True
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A perfect monopoly:
A. refers to a single seller. B. can extract all consumer surplus from a market. C. controls 90 to 100 percent of the market for a product. D. would produce efficient outcomes.
The first major piece of prolabor legislation was the
a. Wagner Act b. Norris-LaGuardia Act c. Landrum-Griffin Act d. Civil Rights Act e. Taft-Hartley Act
Some costs cannot be varied no matter how long the period in question. These are called
a. overheads. b. total costs. c. fixed costs. d. variable costs.
Refer to the given table. An increase in the money supply of $20 billion will cause the equilibrium interest rate to:
Answer the question on the basis of the following table:
A. fall by 4 percentage points.
B. fall by 2 percentage points.
C. rise by 4 percentage points.
D. rise by 2 percentage points.