The reduction of the inflation rate is called
A. unflation.
B. disinflation.
C. deflation.
D. reflation.
Answer: B
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A pessimistic view of the 1986 tax reform is that Congress simplified the tax code _____
a. because it represented a Pareto superior move b. created new loophole opportunities that did not exist previously c. in order to increase the efficiency in the system d. because it was in the best interests of the special interests
Quotas and tariffs both serve the purpose of
A) increasing foreign trade. B) restricting foreign trade. C) causing domestic producers to lose revenues. D) lowering prices on imported goods.
Jerome, the florist, sold 500 bridesmaid's bouquets in June. He estimates his costs that month were ATC = $10, AVC = $6, and MC = $9 . If he sold each bouquet at the constant market price of $9, Jerome:
a. made an economic profit of $500. b. made a loss of $500. c. made an economic profit of $1,500. d. made a loss of $1,500. e. should have shut down in June.
There are twelve District Federal Reserve Banks
Indicate whether the statement is true or false