Refer to Figure 14.1. Other things equal, an increase in the inflation rate is best represented as a movement from
A) point A to point B.
B) point C to point A.
C) point C to point B.
D) point B to point C.
C
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Inflation must be high in Moscow because it is very expensive to live there
Indicate whether the statement is true or false
Refer to Figure 16-5. Consider the following two pricing strategies:
a. a fixed fee and a per-unit price equal to the monopoly price b. a fixed fee and a per-unit price equal to the competitive price The firm represented in the diagram earns a higher profit under strategy ________ and deadweight loss is eliminated under ________. A) a; b B) b; b C) a; neither strategy D) b; neither strategy
In the "fooling" model, it is assumed that ________ can have inaccurate perceptions of the price level in the economy
A) workers B) firms C) workers and firms D) neither workers nor firms
An increase in consumer incomes will lead to
A) a rightward shift of the demand curve for plasma TVs. B) a movement upward along the demand curve for plasma TVs. C) a rightward shift of the supply curve for plasma TVs. D) no change of the demand curve for plasma TVs.