If the price of Bluetooth headsets rises 12 percent during a year when the level of average prices rises 13 percent, the relative price of Bluetooth headsets
A. Remains constant.
B. Decreases.
C. Increases.
D. More information is required to answer this question.
Answer: B
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A typical American family sends about _____ percent of its budget on services.
A. 20 B. 32 C. 66 D. 70
A change in the price of hamburgers will change the supply of hot dogs.
Answer the following statement true (T) or false (F)
The above figure gives your budget line between CDs and magazines. Which combination of CDs and magazines are affordable?
A) combination a B) combinations a, b, c, and d C) combination c only D) combinations b, c, and d
Which of the following statements is false?
A) Economists who advocate discretionary monetary policy argue that it is more likely to achieve the desired economic results because the monetary authority has the flexibility to shape the best monetary policy to the existing circumstances. B) Here is an example of zero crowding out: The government spends $100 more and the private sector doesn't spend any less. C) Here is an example of complete crowding out: The government spends $100 more and the private sector spends $100 less. D) Not all economists believe that rule-based monetary policy is preferable to discretionary monetary policy. E) none of the above