Suppose when the price of pineapples goes from $5 to $3 per pineapple, production decreases from 3,500 pineapples to 2,000 pineapples per year. Using the mid-point method, the percentage change in price would be:
A. 0.50
B. 54 percent
C. -50 percent
D. 0.54
Answer: C
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A) competitive; loophole mining B) competitive; innovation C) regulated; loophole mining D) regulated; innovation
The real discount rate and the nominal discount rate differ in their treatment of
A) risk. . B) market return. C) inflation. D) expected risk.
Refer to Table 9-2. In Year 1, if savings deposits had been $200 billion instead of $150 billion, M1 would have been
A) unaffected. B) larger by $50 billion. C) smaller by $50 billion. D) $100 billion.
The goal of stabilization policy is to smooth out fluctuations in GDP.
Answer the following statement true (T) or false (F)