The term that refers to the price level rising at a low rate is
a. hidden inflation
b. creeping inflation
c. repressed inflation
d. disinflation
e. deflation
B
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________ is the study of an economy as a whole
A) Game theory B) Microeconomics C) Behavioral economics D) Macroeconomics
Under the U.S. patent system, a patent application must provide evidence that the invention works and that is based on another invention.
Answer the following statement true (T) or false (F)
The quantity supplied of loanable funds
a. is inversely related to the rate of interest b. is directly related to the rate of interest c. affects a firm's MRP of capital d. affects a firm's MPP of capital e. affects the price of the good
Statistics show that China will soon overtake the United States in terms of per capita GDP
a. True b. False