Suppose you sell surfboards for a living, and you expect the price of surfboards to increase at the same rate as inflation; you adjust your prices accordingly.  If this does not occur, then it must be true that:

A. the inflation rate is different from what was expected.
B. the relative price of surfboards is changing.
C. the price of surfboards is changing at a rate that is different from what was expected.
D. both the price of surfboards and the inflation rate are different from what was expected.


Answer: B

Economics

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The market labor-supply curve is:

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