Ceteris paribus means
A. other variables are held constant.
B. perhaps.
C. only if everything works just right.
D. almost certainly.
Answer: A
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If the Fed tries to lower the unemployment rate so it is lower than the natural unemployment rate, before the expected inflation rate changes, the inflation rate ________ and the unemployment rate ________
A) does not change; falls B) falls; falls C) rises; does not change D) falls; rises E) rises; falls
If the market for hula-hoops is characterized by a very inelastic supply curve and a very elastic demand curve, an inward shift in the supply curve would be reflected primarily in the form of:
a. higher prices. b. higher output. c. lower prices. d. lower output.
Technically speaking, a monopolist's share of industry demand is _________ to make it qualify as a monopoly
a. 100 percent b. 50 percent or more c. 25 percent or more d. 0 percent e. there is no specific percentage
In recent years Venezuela and Ukraine have had much higher nominal interest rates than the United States while Japan has had lower nominal interest rates. What would you predict is true about money growth in these other countries? Why?