Core inflation refers to the inflation picture after stripping away the:
A. Capital goods prices
B. Food and energy prices
C. Government-regulated prices
D. Service-sector prices
B. Food and energy prices
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A firm that is maximizing its profit
A) is economically efficient and technologically efficient. B) is economically efficient but might be technologically inefficient. C) is technologically efficient but might be economically inefficient. D) might be economically inefficient and/or technologically inefficient.
Enterprises obey horizontal orders if the reward from the vertical transaction exceeds the reward from the horizontal transaction
a. True b. False
A decrease in demand is shown graphically by a shift of the demand curve to the _______.
Fill in the blank(s) with the appropriate word(s).
A central bank can help stop a bank panic by
A) raising the required reserve ratio. B) calling in consumer loans. C) acting as a lender of last resort. D) decreasing income taxes.