Using the information in Table 6.2, the Astro Consumer Price Index for 2015 is
A) 87. B) 99. C) 126. D) 238.
C
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Those who accept both the rational expectations hypothesis and the assumption of flexibility of wages and price would likely argue that
A) if policy makers are willing to accept a high inflation rate, they can reduce unemployment to a point below the natural rate. B) policy makers can eliminate fluctuations in the level of business activity with careful planning of a widely publicized monetary policy. C) saving and investment do not contribute to economic growth. D) active policy making does not contribute to economic stability.
________ are non-excludable in consumption
A) Public goods and private goods B) Public goods and common pool resources C) Private goods and club goods D) Club goods and common pool resources
Which of the following describes the relationship among market price (P), average revenue (AR), and marginal revenue (MR) for a firm in monopolistic competition
a. P = AR = MR b. P > AR = MR c. P = AR > MR d. P > AR > MR e. P = AR < MR
According to the graph shown, the change in producer surplus brought about by the introduction of a tariff is:
This graph demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good.
A. a loss of HIJKL.
B. an increase of HIJKL.
C. a loss of H.
D. an increase of H.