Policies which promote education are central to all of the following except:
A. increasing the capabilities of a society.
B. economic development.
C. federal reserve bank's interest rate policy.
D. economic growth.
Answer: C
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In the figure above, if no one owns the lake, at the equilibrium quantity what is the marginal social cost of producing the pesticide?
A) $80 B) $40 C) $60 D) $30
Cost-push inflation can be described as a rightward shift of the aggregate supply curve.
Answer the following statement true (T) or false (F)
The cross-price demand curve for Cobb-Douglas tastes is perfectly vertical.
Answer the following statement true (T) or false (F)
Stagflation can be defined as a situation characterized by
a. rising prices and rising output. b. rising prices and falling output. c. falling prices and falling output. d. falling prices and rising output.