There was substantial disinflation during
A. most of the 1960s.
B. the late 1970s.
C. the early 1980s.
D. the late 1980s.
C. the early 1980s.
You might also like to view...
A company promotes a 'buy one, get one free' offer such that customers who purchase one unit of the product can get a second unit for free. The legality of the practice will be evaluated under Section ________ of the Clayton Act.
A) 2 B) 3 C) 8 D) 7
Which of the following statements is FALSE?
A) A perfectly inelastic supply curve is a vertical line. B) Time is an important consideration in determining supply elasticity. C) Price elasticity of supply can never equal 1. D) A horizontal supply curve is possible.
Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y1. C. P3 and Y1. D. P3 and Y2.
An activity that makes some people better off and nobody worse off is a
A. price floor that increases income to suppliers. B. government transfer program such as Social Security. C. reduction in interest rates. D. voluntary exchange.