"Rising prices" and "rising inflation" mean the same thing
a. True
b. False
B
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The multiplier can be calculated by dividing
A. one by one minus the marginal propensity to invest. B. one by one minus the marginal propensity to save. C. the change in real GDP by the initial change in spending. D. the initial change in spending by the change in real GDP.
Capital flight raises a country's interest rate
a. True b. False Indicate whether the statement is true or false
Which statement is true?
A. Virtually all of the poor receive public assistance, but not food stamps. B. Virtually all of the poor receive food stamps, but not public assistance. C. Virtually all of the poor receive public assistance and food stamps. D. None of these statements are true.
Economic surplus is maximized in a competitive market when
A) demand is equal to supply. B) the deadweight loss equals the sum of consumer surplus and producer surplus. C) marginal benefit equals marginal cost. D) producers sell the quantity that consumers are willing to buy.