Demand-pull inflation can be the result of
A. a decrease in the Z factors.
B. an increase in net taxes.
C. a decrease in government spending.
D. all of the above.
Answer: A
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When the government conducts activist fiscal policy, what type of spending does it usually use?
A) net interest spending B) entitlement and mandatory spending C) strategic spending D) discretionary spending
A duopoly is a form of oligopoly with two firms.
Answer the following statement true (T) or false (F)
Exhibit 2-2 Production possibilities curve
In Exhibit 2-2, the slope of the production possibilities curve indicates that the opportunity cost of:
A. coffee is constant. B. coffee is increasing. C. coffee is decreasing. D. corn is increasing.
The value of currently produced final goods and services measured in current year prices is called:
A) real GDP. B) nominal GDP. C) imputed values. D) inflation.