Which measure of inflation best reflects changing prices for the average consumer?
A. Headline inflation
B. Core inflation
C. Hyper inflation
D. Nominal inflation
A. Headline inflation
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One result of a decrease in aggregate demand and no change in aggregate supply is
A) a recession. B) an increase in employment levels. C) an economic expansion. D) a rise in the price level.
Debit cards are safer than credit cards because debit cards generally require a PIN number
a. True b. False Indicate whether the statement is true or false
Imagine you own a machine that produces perfectly authentic and legal $100 bills. You would use this machine until
a. the bills became worthless b. the total cost began to fall c. the marginal cost was $100 d. the variable cost began to rise e. the marginal revenue began to fall
In fisheries management, a fishery is defined as:
A. an operation that breeds and releases fish and other marine animals into the wild. B. a stock of fish or other marine animals that can be thought of as a logically distinct group. C. a company that harvests fish or other marine animals. D. a government organization that regulates the harvesting of fish and other marine animals.