The average unemployment rate was lowest during what period?
A) 1980-1990
B) 1950-1970
C) 2000-2010
D) 1980-2000
B
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For the Fall semester, you had to pay a nonrefundable fee of $600 for your meal plan, which gives you up to 150 meals. If you eat 100 meals, your average cost for a meal is:
A. $5. B. $4. C. $0.25. D. $6.
If a natural monopoly decreases the quantity of output it produces, then:
A. its profit will increase. B. its average cost will decrease. C. it will have to decrease its price. D. its average cost will increase.
Economic growth can be represented by a (an): a. percentage change in real GDP
b. rightward shift of the long-run aggregate supply curve (LRAS). c. outward shift of a production possibilities curve. d. all of the above.
As the U.S. price level increases, expenditures by which of the following will remain unaffected?
A. Businesses B. Government C. Consumers D. The rest of the world