The price index for the base year is always 100
a. True
b. False
Indicate whether the statement is true or false
True
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Use the following table to answer the question below.OutputTotal Cost0$10102020283038405350736098The marginal cost associated with the production of the fortieth unit of output is
A. $2.50. B. $9.80. C. $1.50. D. $1.00.
What are the economic implications of an inverted yield curve?
What will be an ideal response?
When the Fed lowers the legal reserve requirement, it
a. lowers the cost of borrowing from the Fed, allowing banks to make more loans b. raises the cost of borrowing from the Fed, disallowing banks from making the same quantity of loans c. increases the amount of excess reserves that banks hold, allowing them to make more loans d. increases the amount of excess reserves that banks hold, disallowing them from making the same quantity of loans e. decreases the amount of excess reserves that banks hold, disallowing them from making the same quantity of loans
What is a major disadvantage of a centrally planned economy?
(A) Its military forces are too weak to be effective. (B) It offers too many choices for consumers. (C) It cannot meet consumers' needs and wants. (D) It has no control over which goods and services are provided.