Deflation is a/an ________ in the average level of prices of goods and services.
A. increase followed by a decrease
B. stagnation
C. decrease
D. increase
Answer: C
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Brian consumes only pizza and soda. When the price of a soda is $2 and the price of a slice of pizza is $4, Brian maximizes his utility by buying 5 sodas and 10 slices of pizza
If the marginal utility of the 5th soda is 100, then the marginal utility from the 10th slice of pizza must be ________. A) 200 B) 100 C) 50 D) More information is needed to determine the marginal utility of the 10th slice of pizza.
IBM's marginal rate of return on investment curve equals its
a. supply of loanable funds curve b. supply of investment curve c. marginal revenue product curve d. marginal revenue cost curve e. investment demand curve
Some people attribute the rapid growth of the East Asian economies in the 1980s and 1990s to the:
A. success of their "industrial policies." B. governments picking industries to support with investments and favorable tax and trade policies. C. governments planning for growth by investing in certain industries. D. All of these are true.
Which of the following would most likely cause a shift to the right in Graph B?
a. a change from Q1 to P1 in Graph A
b. a change from P2 to P1 in Graph A
c. a change from P1 to P2 in Graph A
d. a change from Q2 to Q1 in Graph A