The inflation rate can be calculated as the percentage change in:
A. real GDP.
B. the CPI.
C. the exchange rate.
D. nominal GDP.
Answer: B
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Provide an economic explanation for why government subsidization of child immunizations may lead to a more efficient outcome
What will be an ideal response?
Given that you observe nothing but the low price of the product, you are more likely to infer that
a. The product is high quality b. The product is the highest quality possible c. The product is low quality d. None of the above
Antitrust legislation is an attempt by government to make competition
A) equal. B) efficient. C) structured. D) fair.
"Ensuring that Social Security is financially sound for future generations is an important use of taxpayer dollars" is an example of a
a. normative economic statement. b. positive economic statement. c. statement made by an economist working as a scientist. d. judgment based on evaluation of evidence, not values.