Prices rose strongly during the Vietnam War (1964–1974), and only the adroit monetary and fiscal policy management of the Carter administration (1976–1980) managed to get inflation under control
Indicate whether the statement is true or false
False
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Which of the following statements is consistent with a decrease in supply?
A) Prices of raw material inputs have increased. B) There has been an advance in technology. C) Consumers' incomes have increased. D) The market price has decreased.
In economics,one of the effects of scarcity is
a) disutility. b) utility. c) choice. d) inefficiency.
The demand for labor is:
A. derived from the demand for the products it is used to produce. B. determined by the demand for consumer products. C. determined by the price of consumer products. D. All of these
When a monopolist sells the same product at different prices and the prices are related to cost differences, we have
A. price discrimination. B. monopoly pricing. C. marginal cost pricing. D. price differentiation.