According to the following table, how much higher are prices in 2021 compared to in 2019?
a. 48 percent
b. 75 percent
c. 93 percent
d. 175 percent
b. 75 percent
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If the United States looks more economically and politically stable relative to the rest of the world, this will
A) decrease the demand for dollars. B) increase the demand for dollars. C) have no effect on the demand for dollars. D) stop all trading between the currencies of the United States and other countries.
If fixed costs are $960, variable costs are $1,440, and output is 12, then average total cost equals:
A. $ 80. B. $120. C. $200. D. $100.
So in equilibrium
What will be an ideal response?
Which of the following occurs when disposable income is zero?
A) consumption must be zero B) saving must be zero C) saving must be positive D) consumption is negative E) none of the above