Two of the most important macroeconomic issues are unemployment and inflation
a. True
b. False
Indicate whether the statement is true or false
True
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The above table gives some cost data for Peter's Pickles. Peter's fixed cost is $20. His total cost of producing 6 barrels of pickles is
A) $160. B) $180. C) $450. D) There is not enough information to answer the question.
The level of income is unchanged in response to unanticipated anti-inflation policy in ________
A) real business cycle theory B) traditional Keynesian theory C) new Keynesian theory D) post classical theory
If price were regulated to be equal to long-run marginal cost, the firm in Figure 13.3 would be:
A. making a zero economic profit. B. losing money. C. making a positive economic profit. D. breaking even.
Every choice has a cost
a. True b. False Indicate whether the statement is true or false