The reduction of the inflation rate is called

A) deflation.
B) disinflation.
C) unflation.
D) reflation.


B

Economics

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If the demand curve for hamburgers is downward sloping and the supply curve for hamburgers is upward sloping, then a tax imposed on hamburgers ________ the price paid by buyers and ________ the price received by sellers.

A) lowers; lowers B) raises; raises C) raises; lowers D) lowers; raises E) does not change; does not change

Economics

If the price elasticity of demand for a product is -2.5, then a price cut from $2.00 to $1.80 will  ________ the quantity demanded by about  ________.

A. decrease; 2.5% B. increase; 25% C. increase; 250% D. increase; 2.5%

Economics

When logging in the Pacific Northwest destroys forests that hikers would have used for eco-tourism, the destruction of the trails is an example of

A) an external cost. B) a private cost. C) a government cost. D) an external benefit. E) None of the above answers is correct.

Economics

The number of futures contracts outstanding is called

A) turnover. B) volume. C) float. D) open interest.

Economics