A moderate rate of inflation is considered helpful if it:
a. makes wages in labor markets rigid
b. stabilizes the interest rate.
c. decreases the rate of growth in investments.
d. makes wages in labor markets flexible.
d
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Explain why to some game theorists, the idea of mixed strategies is appealing, and to others it is implausible
What will be an ideal response?
Which of the following best describes efficiency in the demand and supply model?
a. The economy is receiving as much benefit as possible from its scarce resources and all the possible gains from trade have been achieved. b. The economy is receiving as much benefit as possible from its scarce resources but not achieving all the possible gains from trade. c. The economy is not receiving as much benefit as possible from its scarce resources but is getting all the possible gains from trade. d. The economy is not receiving as much benefit as possible from its scarce resources and not achieving all the possible gains from trade.
Paul Samuelson is immensely famous among economists for having established the supply-side school of economics
Indicate whether the statement is true or false
During the 20th century, the agricultural sector experienced an increase in
(a) the number of operating farms. (b) the farm population. (c) the farm output. (d) all of the above.