when the money supply is expanding rapidly and the general level of prices increasing sharply economic growth is
What will be an ideal response?
slowed by the resulting unpredictability of the future level of prices
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The price of non-work activities is:
A) zero. B) equal to the opportunity cost of those activities. C) less than the opportunity cost of those activities. D) greater than the opportunity cost of those activities.
Disinflation is the term for a period during which overall inflation rates are:
A. positive and falling. B. negative. C. positive and increasing. D. zero.
The labor force participation rate is defined as the number of
a. unemployed individuals plus employed individuals divided by the number of individuals in the working-age population. b. employed individuals divided by the number of individuals in the working-age population. c. unemployed individuals plus employed individuals divided by the number of employed individuals. d. employed individuals divided by the number of individuals employed plus the number of unemployed individuals.
A new Mexican restaurant opens in the city of Manchester. The residents are happy about this new restaurant because they are experiencing what externality?