A consequence of an inflationary gap is ____ as output begins to decrease and prices continue to increase
a. stagflation
b. reflation
c. disinflation
d. perflation
a
Economics
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The supplier of your ________ is most likely a monopoly
A) shoes B) toothpaste C) textbooks D) home electricity
Economics
When the exchange rate for the Mexican peso changes from 10 pesos to the U.S dollar to 9 pesos to the U.S. dollar, then the Mexican peso has ________ and the U.S. dollar has ________
A) appreciated; appreciated B) depreciated; appreciated C) appreciated; depreciated D) depreciated; depreciated
Economics
Figure 8-5
In Figure 8-5, profits are maximized at output of
A. 10 B. 35 C. 50 D. 60
Economics
Refer to the graph shown. The relationship represented in the figure is called a:
A. labor demand curve. B. short-run Phillips curve. C. labor supply curve. D. long-run Phillips curve.
Economics