The reduction of the inflation rate is called

A. unflation.
B. disinflation.
C. deflation.
D. reflation.


Answer: B

Economics

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A pessimistic view of the 1986 tax reform is that Congress simplified the tax code _____

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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.

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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.

Economics

There are twelve District Federal Reserve Banks

Indicate whether the statement is true or false

Economics