Hyperinflation occurs when
A. the inflation rate is extremely high.
B. the inflation rate is extremely low.
C. the inflation rate declines.
D. the inflation rate rises.
Answer: A
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The unemployment rate is the percentage of the civilian labor force that is unemployed but actively seeking work
a. True b. False Indicate whether the statement is true or false
Say you had an 8 A.M. economics class, and you only come to campus to attend your economics class. The cost of coming to the economics class would then include: a. the value of the time it took to drive to campus. b. the cost of the gasoline it took to get to campus. c. the cost of insuring the car for that day
d. a. and b.
If an industry's long-run supply curve is negatively-sloped, the industry has
a. increasing costs. b. decreasing costs. c. constant costs. d. impossible to predict.
If the demand for loanable funds shifts right, then
a. the real interest rate and the equilibrium quantity of loanable funds both fall. b. the real interest rate falls and the equilibrium quantity of loanable funds rises. c. the real interest rate and the equilibrium quantity of loanable funds both rise. d. the real interest rate rises and the equilibrium quantify of loanable funds falls.