Refer to Table 1-3. What is Santiago's marginal benefit if he decides to stay open for an extra two hours instead of one hour?
A) $40 B) $50 C) $120 D) $190
B
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Stagflation is the combination of
a. falling output and a falling price level b. falling output and rising unemployment c. falling output and a rising price level d. falling output and falling unemployment e. rising unemployment and a falling price level
The U.S. economy faced negative inflation: a. after World War II
b. during the dotcom bubble. c. during the Great Depression of the 1930s. d. after the real estate bubble burst.
Keynesian economists would likely argue that the classical model is which of the following?
A. a sticky price theory B. a short-run theory C. both a long-run and short-run theory D. a long-run theory
If a straight line passes through the point x = 12 and y = 4 and also through the point x = 4 and y = 8, the slope of this line is
A) negative 8 divided by 4. B) seven tenths. C) negative one half. D) one -and one half.