Compared to other industrial nations, inflation rates in the United States are:
A. significantly higher.
B. significantly lower.
C. significantly higher than those in Europe and significantly lower than those in Japan.
D. neither significantly higher nor significantly lower.
D. neither significantly higher nor significantly lower.
You might also like to view...
Comment on the following statement: "Even though the supply of land is perfectly inelastic, the supply of land in a given use may not be fixed."
What will be an ideal response?
A decrease in the riskiness of corporate bonds will ________ the price of corporate bonds and ________ the price of Treasury bonds, everything else held constant
A) increase; increase B) reduce; reduce C) reduce; increase D) increase; reduce
Productivity is defined as: a. the ratio of a specific measure of output to a specific measure of input
b. the production of worthwhile goods and services. c. the market value of goods, services, and resources produced per time period (e.g., per year). d. average input divided by average output. e. total input divided by average output.
The quantity consumed of a good is relatively unresponsive to changes in price whenever demand is:
A. unitary. B. inelastic. C. elastic. D. falling.