Which of the following is NOT a cost of inflation?
A) uncertainty cost
B) confusion cost
C) tax cost
D) unemployment cost
E) shoe-leather cost
D
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An increase in the real money supply can result from:
A) increase in the nominal money supply or an increase in the price level. B) increase in the nominal money supply or a decrease in the price level. C) decrease in the nominal money supply or an increase in the price level. D) decrease in the nominal money supply or a decrease in the price level.
A consumption function is a statement that shows the relationship between interest rates and consumption
Indicate whether the statement is true or false
A headline reads: "Steel industry suffers slump as import competition increases; unemployment rises." This type of unemployment can best be characterized in economic terms as:
a. Natural b. Cyclical c. Structural d. Frictional
Exhibit 5-9 Supply and Demand Curves for Good X
?
As shown in Exhibit 5-9, the $200 per unit tax on Good X raises tax revenue per time period totaling:
A. $10,000. B. $20,000. C. $30,000. D. $60,000.