An example of a price that changes only infrequently is the price of
a. stocks on the New York Stock Exchange.
b. crude oil.
c. residential real estate.
d. magazines sold at newsstands.
d
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Which of the following is a characteristic of oligopoly?
A) easy entry and exit B) many firms C) strategic dependence D) none of the above
We define autonomous expenditure to be expenditure that:
A. depends on how much income changes in the economy. B. that changes under the guidance of the government. C. is unaffected by the current level of income in the economy. D. people make that pertains to the auto industry.
If one person's use of good x diminishes other people's use of it, then good x is one of two types of goods. What are those two types?
If productivity and wages both rise by 3 percent, then the aggregate supply curve shifts up.
Answer the following statement true (T) or false (F)