The term economic growth can be used in reference to absolute real economic growth or to per- capita real economic growth
Indicate whether the statement is true or false
True
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The figure above shows that in 1996, unemployment was equal to about ________ and the inflation rate was equal to about ________
A) 7.0 percent; 3.0 percent B) 3.0 percent; 5.5 percent C) 5.5 percent; 3.0 percent D) 6.0 percent; 4.0 percent
The three ways in which corporations expand their business operations are by issuing stock, by investing their entire profits, and by lending
Indicate whether the statement is true or false
Price discrimination works best when
A. Buyers have information about prices charged to different customers. B. Sellers cannot meet collectively. C. A product is purchased frequently by consumers. D. Buyers do not have perfect information about the price.
In an increasing-cost industry, an increase in industry output will
A. shift each firm's short run supply curve down. B. shift each firm's average fixed cost curve down. C. lead to a lower market price. D. lead to a higher market price.