The most visible consequence of inflation is
A. A rise in production.
B. A change in government regulation.
C. A rise in employment.
D. A rise in the price level.
Answer: D
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In the aggregate expenditure model, which of the following variables is assumed to be independent of real GDP?
A. consumption B. saving C. investment D. profit
When firms in a perfectly competitive market incur economic losses, exit by some firms means the market supply will
A) increase. B) decrease. C) not change. D) become vertical. E) become the same as the individual producers' supplies.
How might China benefit from adopting a flexible exchange rate policy?
What will be an ideal response?
For procurement of conventional products like hammers and shovels, the most appropriate type of contract is ______
a. fixed fee b. cost plus fixed fee c. cost plus percentage fee d. cost plus incentive fee