Which of the following countries had double-digit inflation for most of the years from 2000 to 2010?
a. India
b. Iran
c. Italy
d. Iraq
b. Iran
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Economists place cartels among the least-desirable forms of market organization
a. True b. False Indicate whether the statement is true or false
If the exchange rate changes from 1 euro per U.S. dollar to 1.2 euros per U.S. dollar, the Euro has
a. appreciated, since its value has increased. b. appreciated, since the price of U.S. dollars has increased. c. appreciated, making U.S. goods cheaper in Euros. d. depreciated, since its value has declined. e. depreciated, since its value has increased.
Monetary policy uses timely government actions to impact interest rates and the supply of money
Indicate whether the statement is true or false
Compared to an efficient perfectly competitive industry, the monopolist will
A. produce more output at a lower price. B. produce less output and charge a higher price. C. produce more output at a higher price and higher profit. D. produce less output at a higher total cost.