An increase in the overall price level is
A. a price index.
B. a recession.
C. deflation.
D. inflation.
Answer: D
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Review three methods that might achieve the efficient use of a common resource and explain the obstacles to efficiency
What will be an ideal response?
Periodic payments of net earnings to shareholders are known as
A) capital gains. B) dividends. C) profits. D) interest.
Price indexes are necessary for turning a time series measured in real value into nominal value.
Answer the following statement true (T) or false (F)
The federal funds rate is the interest rate on short-term loans made by:
A. the Federal Reserve to commercial banks. B. commercial banks to other commercial banks. C. the federal government to commercial banks. D. the Federal Reserve to the federal government.