Refer to the Article Summary. If Netflix chose to use Shiller's pricing method
A) consumer surplus, producer surplus, and deadweight loss would all be equal.
B) producer surplus would be zero.
C) deadweight loss would be maximized.
D) consumer surplus would be zero.
D
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Unlike demand-pull inflation, cost-push inflation:
A. drives up the price level. B. increases nominal income. C. increases real income. D. is self-limiting.
Which of the following statements about normative analysis is correct?
A. Normative analysis is concerned with what is. B. Normative analysis is concerned with what ought to be. C. Normative analysis should not involve value judgments. D. Normative analysis measures the costs and benefits of different courses of action.
The program that redistributes the most money is:
A. the Department of Housing and Urban Development's housing programs. B. Supplemental Security Income. C. the Social Security system. D. Aid to Families with Dependent Children.
The real interest rate is defined as the:
A. actual interest rate. B. fixed-rate on consumer loans. C. nominal interest rate minus the inflation rate. D. expected interest rate minus the inflation rate.