In the U.S. economy, the inflation rate in 1975 peaked at ________ percent.
A. 9.2
B. 11.1
C. 14.2
D. 22.4
Answer: B
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DVD players have become more abundant, and cheaper, over the past few years. Explain the decline in DVD player prices
A) DVD manufacturers have become less interested in trying to maximize their profits. B) The demand curve for DVDs has shifted to the left. C) The supply curve for DVDs has shifted to the right. D) The supply curve for DVDs has shifted to the left.
During a stock market bubble, the price/earnings [P/E] ratio:
a. hits high levels. b. falls to zero. c. becomes negative. d. remains constant. e. declines to a very low level.
Which one of the following is not an automatic stabilizer?
A. Unemployment compensation B. Personal savings C. Personal income and Social Security taxes D. Public works programs
Pollution is caused by a market failure, in an industry in which there is
A) unemployment. B) an over-allocation of resources in production. C) excess demand. D) excessive cost borne by the firm.