Which of the following is an output of production?
A) a haircut
B) a U.S. savings bond
C) a share of Acme Corporation stock
D) None of the above.
A
Economics
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Unanticipated inflation always benefits somebody, so the overall cost cannot be higher than it is for anticipated inflation. Comment
What will be an ideal response?
Economics
The consumer price index is calculated using a fixed basket of goods. Will this always give an accurate representation of the changing cost of living to consumers? Why or why not?
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A circumcision is a surgical procedure to remove:
A. Cowper's gland. B. foreskin of the penis. C. scrotum. D. undescended testicles.
Economics
Suppose the Fed buys government securities from a commercial bank. Why is there a multiplier effect on the quantity of money?
What will be an ideal response?
Economics