Refer to the graph below. Stagflation in the short run is best represented as resulting from a shift of:
A. AD1 to AD2 given a stable AS1 curve
B. AD2 to AD1 given a stable AS1 curve
C. AS1 to AS2 given a stable AD1 curve
D. AS2 to AS1 given a stable AD1 curve
C. AS1 to AS2 given a stable AD1 curve
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The opportunity cost of postponing income to some future time depends on the interest rate
a. True b. False Indicate whether the statement is true or false
Zack quits his job at a consulting firm, which pays $40,000 a year, to enroll in a two-year graduate program. His annual school expenses are $30,000 for tuition, $2,000 for books, and $600 for food. What is his opportunity cost of attending the two-year graduate program?
Compared to high skilled workers, low skill workers are more
What will be an ideal response?
charging higher prices for one category of patients in order to provide free or subsidized care to another group is called:
a. categorical costing. b. price discrimination. c. reprehensible and unethical. d. creative accounting. e. cost-shifting