Along any single indifference curve the ________
A) consumer is equally satisfied with any of the combinations of goods
B) level of current income is unchanged
C) level of future income is unchanged
D) level of current and future income is unchanged
A
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Price ceilings are primarily targeted to help
a. No one b. Consumers c. Producers d. Government
In the United States, the unemployment rate for women is roughly the same as the unemployment rate for men
a. True b. False Indicate whether the statement is true or false
To calculate nominal GDP, you:
a. Multiply the quantity of everything consumed by the price of everything consumed, and sum the results. b. Multiply the exchange rate by the price of each good and service produced. Then sum them and divide by the domestic price index. c. Add the price of everything consumed to the quantity of everything consumed and sum the results. d. Add the quantities of everything produced to the average national price level and then multiply times one plus the inflation rate [i.e., (1 + inflation rate)]. e. Multiply the quantity of everything produced by the price of everything produced, and sum the results.
Market power may result from
A. Antitrust policy. B. Flawed price signals. C. Control of resources. D. Merit goods.