Which of the following statements is true?
A) Social planners are only concerned with efficiency and not equity.
B) Social planners are only concerned with equity and not efficiency.
C) To some, efficiency means an even distribution of goods across society.
D) To some, equity means an even distribution of goods across society.
D
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Last year, the unemployment rate was 4 percent and the inflation rate was 3 percent. If the natural rate of unemployment is 3 percent, how do you expect inflation to change?
What will be an ideal response?
If a government runs a fixed exchange rate system and increases the dollar price of its currency, we say there has been a(n)
a. appreciation of the foreign currency b. depreciation of the foreign currency c. revaluation of the foreign currency d. devaluation of the foreign currency e. fixing of the foreign currency
In 2010 the U.S. economy's inflation rate was higher than its unemployment rate
a. True b. False Indicate whether the statement is true or false
The efficient congestion tax is zero when:
A. everyone can travel safely at the posted speed limit. B. there are no other cars on the road. C. there are no traffic accidents on a stretch of highway. D. carpool lanes are available.