Specific prices are rising, and relative prices are falling.

A. Both relative prices and average prices are rising.
B. Relative prices are rising, but it is not certain what is happening to average prices.
C. Average prices are rising, but it is not certain what is happening to relative prices.


C. Average prices are rising, but it is not certain what is happening to relative prices.

Economics

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The present value of $525 received one year from today, assuming an annual rate of return of 5 percent is

a. $551.25 b. $525 c. $500 d. none of the above

Economics

If neither the demand nor supply of a good is perfectly elastic or inelastic, a tax on the good ________ consumer surplus and ________ producer surplus

A) decreases; decreases B) increases; increases C) decreases; increases D) increases; decreases E) decreases; does not change

Economics

Why have China and India received so much international attention and investment?

What will be an ideal response?

Economics

The GDP deflator can be used to take inflation out of nominal GDP

a. True b. False Indicate whether the statement is true or false

Economics