Cost-push inflation:
A. reduces real output.
B. increases real output.
C. reduces the unemployment rate.
D. raises the natural rate of unemployment.
A. reduces real output.
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A share of stock is a
A) certificate of ownership and claim to the profits made by a firm. B) collection of funds that travels the world looking for the highest return. C) form of investment in physical capital. D) set of demanders and suppliers for the savings of households. E) promise to pay specified sums of money on specified dates.
What are the three basic economic questions that must be answered by all societies?
What will be an ideal response?
The phrase "demand has decreased" means that
A) there has been an upward movement along a demand curve. B) a demand curve has shifted to the right. C) a demand curve has shifted to the left. D) there has been a downward movement along a demand curve.
When the production of a good generates external costs, the firm's supply curve will be:
A. Below the true-cost supply curve B. Above the true-cost supply curve C. Vertical D. Horizontal