Stagflation is defined as an unhealthy combination of a stagnating economy and high inflation
a. True
b. False
Indicate whether the statement is true or false
True
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The AD curve is the relationship between
A) aggregate planned expenditure and the price level. B) aggregate planned expenditure and real GDP when the price level is fixed. C) the quantity of real GDP demanded and the unemployment rate. D) aggregate planned expenditure and the quantity of real GDP demanded. E) the quantity of real GDP demanded and the quantity of real GDP supplied. The above figure shows a nation's consumption function.
In the context of the environment, the type of transactions costs that includes finding, coordinating, and motivating victims of pollution emissions to help with the bargaining process are called
A) search costs. B) collectivization costs. C) negotiation costs. D) monitoring and enforcement costs.
If the local pizzeria raises the price of a medium pizza from $6 to $10 and quantity demanded falls from 700 pizzas a night to 100 pizzas a night, the arc price elasticity of demand for pizzas is:
A) 0.67. B) 1.5. C) 2.0. D) 3.0.
An American investing in a London-based company is an example of interest arbitrage.
a. true b. false