Economists believe that the Consumer Price Index tends to overstate the actual rate of inflation
a. True
b. False
Indicate whether the statement is true or false
True
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This Application emphasizes the importance of
A) economic incentives. B) wealth distribution. C) literacy rates. D) none of the above.
In the above figure, if the minimum wage is set at $6 per hour, the level of unemployment is ________ hours per week is
A) 40 million B) 30 million C) 20 million D) 0
A technological improvement in the production of good X causes the:
A. demand curve for X to shift to the right. B. demand curve for X to shift to the left. C. supply curve for X to shift to the right. D. supply curve for X to shift to the left.
Securities are? ____ for the person who buys? them, but? ____ for the? individual/firm that sells them.
A) assets; liabilities B) liabilities; assets C) income; liabilities D) liabilities;