Injunctions are good remedies for problems where damage has already occurred.
Answer the following statement true (T) or false (F)
False
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An increase in the wealth of households, other things remaining the same, can result in ____ the consumption function
a. no effect on b. an upward shift in c. a movement to the left along d. a downward shift of
A stereo system in Mexico costs 3,200 Mexican pesos. If the dollar price of one Mexican pesos is $0.11, then the U.S. dollar value of the same stereo system is $352
a. True b. False Indicate whether the statement is true or false
If the Consumer Price Index was 120 in one year and 115 in the next year, then the rate of inflation from one year to the next was:
A. positive 4.2 percent. B. negative 5.0 percent. C. negative 4.2 percent. D. positive 5.0 percent.
The short-run aggregate supply curve is upward sloping for all of the following reasons except:
A. some markets are posted-price markets. B. some firms adjust their markup in response to an increase in demand. C. all inputs are fully utilized in the short run. D. some firms adjust their production in response to an increase in demand.