Stagflation occurs primarily during periods of rapid economic growth.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Complete the sentence. An entrepreneur advances a project only if the expected marginal benefit exceeds the expected marginal cost,
A) and so does a government bureaucrat. B) but a government bureaucrat advances a project only if the marginal cost exceeds the marginal benefit. C) but a government bureaucrat is in no position to determine the cost of his own action. D) but a government bureaucrat has no concern about the benefit of his own action.
Natural monopolies are of theoretical, but not practical interest.
Answer the following statement true (T) or false (F)
Except for World War II, the U.S. deficits from 2009 to 2012 were the largest deficits in the nation's history relative to GDP, even larger than during the Great Depression
a. True b. False Indicate whether the statement is true or false
OLED television prices rise by 10 percent, and in response the quantity of those OLED televisions supplied increases by 5 percent. The supply elasticity for OLED television sets in that price range is
A. 2.0. B. 0.5. C. -2.0. D. 1.5.