Most economists agree that the best rate of inflation for a stable economy would be around:
A. five to six percent.
B. zero.
C. seven percent.
D. two to three percent.
Answer: D
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Use the figure below to answer the following question.
A decrease in supply would best be reflected by
A. a shift from supply curve A to supply curve C. B. a movement from point 4 to point 3. C. a shift from supply curve C to supply curve B. D. a movement from point 1 to point 2.
As of December 2010, the largest single component of M1 consists of
a. checkable deposits at banks. b. money market mutual funds. c. savings deposits. d. currency.
One plausible explanation for the large amount of U.S. currency outstanding is that many dollars are held abroad
a. True b. False Indicate whether the statement is true or false
When price is greater than both marginal cost and average variable cost, the perfectly competitive firm
A. should increase its level of output. B. is maximizing economic profit. C. should reduce its level of output. D. should stop production.