Which costs of inflation could the government reduce without reducing inflation?
a. arbitrary redistributions of wealth
b. shoeleather costs
c. menu costs
d. none of the above is correct.
a
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If two variables are unrelated, a scatter diagram of those variables will
A) be a vertical line. B) be a horizontal line. C) be either a vertical or horizontal line. D) have a constant positive slope.
An oligopoly firm is generally characterized by: a. its consideration of rivals' reactions
b. the sale of standardized products. c. the possibility of realizing profits in the long run. d. both (a) and (c).
In 2011 the largest percentage of federal government spending was on
a. national defense. The largest source of federal revenues was from corporate income taxes. b. health. The largest source of federal revenues was from individual income taxes. c. income security. The largest source of federal revenues was from corporate income taxes. d. income security. The largest source of federal revenues was from individual income taxes.
What combination of changes would most likely decrease the equilibrium price?
A. supply increases and demand decreases B. demand increases and supply increases C. supply decreases and demand increases D. demand decreases and supply decreases