Inflation means that:
A. all prices are rising, but at different rates.
B. all prices are rising and at the same rate.
C. prices on average are rising, although some particular prices may be falling.
D. real incomes are rising.
C. prices on average are rising, although some particular prices may be falling.
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Unpriced by-products of production or consumption that provide benefits to other consumers or other firms are known as
a. negative externalities b. common pool benefits c. positive externalities d. private benefits e. Coase by-products
The transactions demand for holding money is when people hold money:
a. instead of near money. b. to transact purchases they expect to make. c. as insurance against unexpected expenses. d. to speculate in the stock market. e. to take advantage of changes in interest rates.
When the 2010 Patient Protection and Affordable Care Act is fully implemented, it will
a. substantially reduce the share of health care expenses paid by a third party. b. require all Americans to purchase health care insurance from either a private or government source. c. increase the competitiveness of the health insurance business by allowing people to purchase the insurance across state boundaries. d. reduce the demand for health care and thereby lead to lower prices for health care services.
The antitrust laws are enforced by government agencies such as the Federal Trade Commission and the Department of Justice.
Answer the following statement true (T) or false (F)