What was the U.S. inflation rate in 2009?
a. 2%
b. -1%
c. 0%
d. 10%
c. 0%
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Cost-push inflation is caused by a leftward shift of the aggregate demand curve
a. True b. False Indicate whether the statement is true or false
Like the debt of many families, the national debt in 2014 was many times larger than the national income
a. True b. False Indicate whether the statement is true or false
Perfectly competitive markets:
A. tend to have relatively few sellers. B. are more of an idealized model economists use than a real-life occurrence. C. tend to have relatively few buyers. D. are the most common type of market in the United States.
A cost of an activity that falls on people not engaged in the activity is called a(n):
A. negative externality. B. prisoner's dilemma. C. positive externality. D. external benefit.