To fight inflation, the government may
a. decrease aggregate demand, which will also lead to lower unemployment rates.
b. increase aggregate demand, which will also lead to lower unemployment rates.
c. increase aggregate demand, which will also lead to higher unemployment rates.
d. decrease aggregate demand, which will also lead to higher unemployment rates.
d
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Which of the following is true?
A) Opportunity costs are the same as explicit costs. B) A firm's net income is the same as its accounting profit. C) If a firm's accounting profits are positive, its economic profits must also be positive. D) A firm's accounting profit is equal to its economic profit.
Suppose Paris thinks a 5 percent increase in her hourly wage as an incentive to work more hours while the price level also increases by 5 percent. Paris is said to be suffering from
A) money illusion. B) rationality. C) irrationality. D) the effects of competition.
For an intertemporal budget constraint concerning saving for retirement, the choice is between present consumption and future consumption.
a. Fungible b. Utility-maximizing c. Intertemporal choice d. Backward-bending
Which of the following is NOT an example of the hurdle method of price discrimination?
A. A lower price on strawberries when they are in season. B. An early-bird discount for people order dinner before 5 pm. C. A coupon for $10 off any purchase of $50 or higher. D. A mail-in rebate on a printer.