Suppose that Dave has $200 to spend per week and he buys only magazines and pizza. The price of a pizza is $10 and the price of a magazine is $5. What is Dave's real income in terms of magazines?
A) 20
B) 40
C) 200
D) 10
B
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The reason why economists do not use experimental data more frequently is for all of the following reasons except that real-world experiments
A) cannot be executed in economics. B) with humans are difficult to administer. C) are often unethical. D) have flaws relative to ideal randomized controlled experiments.
There is no relationship between the price level and which component of GDP?
A. C B. I C. G D. NX
The Fed classifies different types of money depending on its:
A. liquidity. B. resale value. C. commodity back. D. intrinsic value.
Regulatory agencies always protect consumers by forcing regulated firms to sell at the lowest possible price
a. True b. False Indicate whether the statement is true or false