the 1990s the misery index was
A. between 5 and 12.
B. between 12 and 19.
C. between 19 and 26.
D. between 26 and 33.
E. between 33 and 40.
A. between 5 and 12.
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Suppose that you charted the rate of unemployment on the same graph. How would you expect the graph of unemployment to look in comparison?
a. It would be similar but shifted slightly to the right.
b. It would be inverted but shifted slightly to the right.
c. It would be similar but shifted slightly to the left.
d. It would be inverted but shifted slightly to the left.
Macroeconomics is concerned with
A) individual consumers. B) government decision making concerning farm price supports. C) aggregates. D) the effects on a corporation of a strike by the United Auto Workers.
An information is beneficial to the decision-maker only when:
a. its marginal cost is zero. b. its marginal benefits exceeds its marginal cost. c. the possibility of inaccurate transmission is nullified. d. its marginal benefit is positive.
Suppose you're looking for a new living room sofa and discover that the local store is running a Presidents' Day sale. You are delighted because if you end up buying the sofa, the sale will
a. increase the marginal utility you derive from that sofa b. increase your consumer surplus c. reduce your consumer surplus d. decrease the marginal utility you derive from that sofa e. increase the total utility you derive from that sofa