Using year-by-year data from 1987-2007 shows that
A) there is a strong positive relation between average Latin American money-supply growth and inflation.
B) there is a strong negative relation between average Latin American money-supply growth and inflation.
C) there is a strong positive relation between average Latin American money-supply growth and deflation.
D) it is difficult to find a strong positive relation between average Latin American money-supply growth and inflation.
E) there is a weak positive relation between average Latin American money-supply growth and inflation.
A
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The figure above provides information about Light-U-Up Utilities, which is a natural monopoly that provides electricity. If Light-U-Up is regulated, what is its economic profit if it must follow a marginal cost pricing rule?
A) -$40 B) -$20 C) $0 D) $30
What roles do central banks play in an economy?
A) Central banks are government depositories. B) Central banks lobby for regulation on behalf of the banking industry. C) Central banks monitor fiscal agents in the economy. D) none of the above
The success of a cartel rests upon
A) inducing all members to limit their combined output and charge the same price. B) inducing all members to differentiate their products and charge different prices. C) making exit from the cartel as nearly costless as possible. D) discouraging some firms in the market from joining.
What matters in Economics is:
a. how much gain a transaction yields. b. how the gains from a transaction are split between the buyer and the seller. c. how much gain the buyer realizes from a transaction. d. that the transaction between a buyer and a seller takes place.