Which of the following changes in the price index produces the greatest rate of inflation: 100 to 110, 150 to 165, or 180 to 198?
a. 100 to 110
b. 150 to 165
c. 180 to 198
d. All of these changes produce the same rate of inflation.
d
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The expenditure multiplier is greatest when the
A) LM curve is positively sloped. B) LM curve is horizontal. C) IS curve is vertical. D) LM curve is vertical.
As a manager holding an auction with correlated or common values, you want buyers to place bids that are ________ their estimated valuations and sellers to place bids that are ________ their estimated costs.
A) close to; close to B) close to; far from C) far from; close to D) far from; far from
Collusion is a situation where businesses:
A. agree to cooperate, and the U.S. government works hard to encourage this behavior. B. have noncooperative outcomes, because they compete outside the public eye. C. agree to cooperate, and their behavior does not serve the public interest. D. act in their own self-interest and ignore what the other businesses are doing.
In recession years, ________ jobs are lost than created, and vacancies and job openings ________.
A. fewer; increase B. more; decline C. fewer; decline D. more; increase