Stagflation is the conjunction of
a. stagnation and recession.
b. inflation and stagnation.
c. depression and inflation.
d. stagnation and deflation.
b
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If a price floor on coffee is set above the market-clearing price, then
A) the quantity of coffee demanded will decrease. B) the quantity of coffee supplied will increase. C) the quantity demanded for coffee will increase. D) Both A and B will occur E) none of the above will occur.
"Farm subsidies in the European Union spill over to the rest of the world." Explain this assertion
What will be an ideal response?
Real investment tends to be
A) procyclical and less variable than real GDP. B) procyclical and more variable than real GDP. C) countercyclical and less variable than real GDP. D) countercyclical and more variable than real GDP.
Free market economies
a. often have dirty air and rivers. b. acting on their own do not do enough to efficiently deal with externality problems. c. while not protecting the environment automatically do offer a powerful tool that may be used for that purpose. d. All of the above are correct.