An inflation rate of over 500 percent per year would be classified as:
A. hyperinflation.
B. inflation.
C. relative inflation.
D. deflation.
Answer: A
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The above figure shows the marginal social benefit and marginal social cost curves of doughnuts in the nation of Kaffenia. There is no external benefit
What is the marginal benefit to the citizen of Kaffenia who consumes the 100th dozen doughnuts each day? A) $10.00 per dozen B) $8.00 per dozen C) $6.00 per dozen D) $4.00 per dozen
You could borrow $2,000 today from Bank A and repay the loan, with interest, by paying Bank A $2,125 one year from today. Or, you could borrow X dollars today from Bank B and repay the loan, with interest, by paying Bank B $2,200 two years from today. In order for the same interest rate to apply to the two loans, X =
a. $1,853.55. b. $1,898.70. c. $1,948.79. d. $2,012.22.
Ceteris paribus, economic growth involves an:
a) Increase in imports. b) Expansion of production possibilities. c) Increase in GDP due to inflation. d) Increase in GDP due to inflation.
Command-and-control policies lead to higher prices for consumers than pollution taxes do.
Answer the following statement true (T) or false (F)