Price discrimination is when a firm charges:
A. the same price to all consumers.
B. different prices for different goods to different consumers.
C. different prices for the same goods to different consumers.
D. None of these is correct.
Answer: C
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If the real interest rate is 5 percent and the nominal interest rate is 2 percent, this implies an expected inflation rate of
A) -7 percent. B) -3 percent. C) 3.5 percent. D) 7 percent.
Explain the difference between consumption and capital goods
What will be an ideal response?
In response to already low short-term interest rates doing little to stimulate the economy during the Great Recession, the Fed began purchasing mortgage-backed securities and long-term government bonds to bring down long-term interest rates
This policy was called A) closed market operations. B) contractionary monetary policy. C) inflation targeting. D) quantitative easing.
In the figure above, the number of unemployed workers is
A) 4,000. B) 3,000. C) 2,000. D) 5,000. E) zero.