Which of the following is a sustained decrease in the price level?
a. hyperinflation
b. disinflation
c. deflation
d. none of the above are considered a sustained decrease in the price level.
c
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The figure above shows a firm in a perfectly competitive market. The firm's supply curve is the curved line linking
A) point a to point c and stopping at point c. B) point b to point d and continuing on past point d along the MC curve. C) point b to point f and stopping at point f. D) point c to point e and continuing on past point e along the ATC curve.
Most economic growth in the world occurred between 1,000,000 B.C. and 1300 A.D
Indicate whether the statement is true or false
Which of the following would be recorded as a credit in the U.S. balance of payments accounts?
a. the purchase of a German business by a U.S. investor b. the import of Honda trucks by a U.S. automobile distributor c. European travel expenditures of an American college student d. the purchase of a U.S. Treasury bond by a French investment company
An externality is:
A. always a benefit to the recipient. B. always a detriment to the recipient. C. an activity that occurs in a business which is unknown to management. D. unintended benefits or costs imposed on third parties as a result of economic activity.