Persistent increases in the overall level of prices have been the norm
a. True
b. False
Indicate whether the statement is true or false
True
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If the price of apples is on the vertical axis and the quantity of apples demanded is on the horizontal axis, the slope between two points on the line describing the relationship between price and quantity is
A) the change in price multiplied by the change in quantity. B) the change in price divided by the change in quantity. C) the change in quantity divided by the change in price. D) price divided by quantity.
An example of U.S. public investment in infrastructure would be:
A. a wastewater treatment system. B. an oil and gas pipeline. C. a manufacturing plant. D. a construction company.
If fluctuations in economic activity emanate from the supply side, higher rates of inflation will be associated with higher rates of unemployment, and lower rates of inflation will be associated with lower rates of unemployment.
Answer the following statement true (T) or false (F)
In a multiplayer game where there are two equally-enjoyable choices of what to do, and everyone wants to do what everyone else is doing, only one Nash equilibrium is stable
Indicate whether the statement is true or false