On the graph above, the amount of inventory depletion will be greatest if the economy is moving from point ________ to point ________
A) A; D
B) D; A
C) D; C
D) B; A
E) B; C
A
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A flow is a measure defined:
A. in real terms. B. in nominal terms. C. per unit of time. D. at a point in time.
The deadweight loss from a rent ceiling below the equilibrium rent is smallest when the supply of housing is
A) perfectly elastic. B) elastic but not perfectly elastic. C) unit elastic. D) inelastic but not perfectly inelastic. E) perfectly inelastic.
Information is a scarce good because
A) buyers typically know more than sellers about the products they are selling. B) competition encourages buyers and sellers to conceal a portion of what they know. C) its possession enables people to increase their wealth, and it cannot be acquired without cost. D) sellers typically know more than buyers about the products they are selling.
In the 1990s the United States' economy generated more than _______ million additional jobs.
A. 5 B. 10 C. 15 D. 20