Variable inflation rates may be more costly socially than low but predictable rates of inflation
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Technological improvements are more likely to occur if
A) the economy is centrally planned. B) economic decisions are made by politicians rather than entrepreneurs. C) entrepreneurs are compensated with higher profits for taking risks. D) companies face little competition in their markets.
What happens in the long run if firms in a monopolistically competitive industry are earning positive economic profits? Explain
What will be an ideal response?
In the______________, workers cannot work efficiently because there are too many resources per worker.
Fill in the blank(s) with the appropriate word(s).
Which of the following is a consequence of extended unemployment?
a. greater output per person b. lost tax revenue c. lower minimum wage d. increased efficiency wage