Which of the following are the elements generally found in an inflation gap?
a. producing beyond normal capacity; high unemployment, high wages; low prices
b. producing beyond normal capacity; low unemployment, high wages; high prices
c. producing below normal capacity; high unemployment, high wages; high prices
d. producing below normal capacity; low unemployment, low wages; high prices
b. producing beyond normal capacity; low unemployment, high wages; high prices
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Game theory has an application in the analysis of:
a. an industry that has no barriers to entry b. an industry in which firms sell a homogeneous product. c. an industry in which firms are price takers. d. an industry that has a few large firms.
Other things the same, if the U.S. interest rate rises, what happens to the net capital outflow of other countries?
Political decision making tends to be biased toward the adoption of programs that have
What will be an ideal response?
Suppose there are only two goods (Good A and Good B) and the average person buys 4 of Good A in a year and 3 of Good B. If the Price of Good A is $5 and the Price of Good B is $10, the price of the market basket
A. is 50. B. is 20. C. is 30. D. is 100.