In the 1970s, the main economic problem was
A. stagflation.
B. huge budget surpluses.
C. a slow growing money supply.
D. an economy that was expanding too rapidly.
A. stagflation.
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Prices that maximize the public interest will always allow reasonable profits for firms.
Answer the following statement true (T) or false (F)
It is possible to purchase diplomas from diploma mills. The situation in which the degrees are more important than the knowledge they are supposed to represent is called:
A. accreditation. B. credentialism. C. cretinism. D. diplomacy.
Refer to the accompanying figure. Which of the following is true?
A. Point A is efficient because it is farthest from the origin. B. Point F is the most efficient because medical care is the highest there. C. Points B, C, E and F are efficient. D. Point D is efficient because it requires using the fewest resources.
The table above has information about the CPI, nominal wage rate, and nominal interest rate for the country of Syldavia for the years 2010 to 2012. The reference base year is 2010. The inflation rate in Syldavia from 2010 to 2011 was
A) 5.0 percent. B) -9.5 percent. C) 3.0 percent. D) 9.5 percent. E) -5.0 percent.