In the quantity equation framework for understanding the determinants of long-run inflation, a drop in consumer confidence ________ velocity, putting ________ pressure on inflation
A) raises, upward
B) raises, downward
C) lowers, upward
D) lowers, downward
D
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At its most basic level, economic growth depends on
A) creating the right incentives. B) saving by the government. C) government leadershi
What function is money playing in each of these situations: a. You walk into a store in Germany and see that all the prices are in euros. b. You buy a candy bar for $1.25. c. Your Aunt Jane keeps $100 bills tucked into many books in her house
What will be an ideal response?
The demand for orthodontists' services falls as the proportion of the population that obtains braces falls. It may take several years before the new long-run equilibrium for the orthodontic labor market is attained
In the meantime, the orthodontic labor market experiences a A) shortage. B) quality decrease. C) surplus. D) excess demand.
The effect that an additional user of a good or participant in an activity has on the value of that good or activity for others is called:
A. negative externality. B. network externality. C. social externality. D. private externality.