Neoclassical economists see no social ______________ to inflation and suggest that the government should take actions to control it.
a. drawback
b. criticism
c. benefit
d. support
c. benefit
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Credit cards are not part of the nation's money supply
Indicate whether the statement is true or false
The demand for a monopoly's output is p = 100 - Q. The firm's production function is Q = 2L. Which of the following is the firm's demand for labor?
A) w = 200 - 8L B) w = 200 - 4L C) w = 100 - L D) w = 2L
A monopoly ________
A. can choose its price and output and always has the option of price discriminating B. is a price taker and by offering a range of discounts can price discri-minate C. that produces a good that cannot be resold might choose to price dis-criminate D. book store that offers a discount on Tuesdays is price discriminating
A firm in the United Kingdom hires a firm in the U.S. to train its managers. By itself this transaction
a. increases U.S. imports and decreases U.S. net exports. b. increases U.S. imports and increases U.S. net exports. c. increases U.S. exports and decreases U.S. net exports. d. increases U.S. exports and increases U.S. net exports.