A central policy concern about inflation is to see that it:
A. does redistribute income.
B. does not redistribute income.
C. does become built into expectations.
D. does not become built into expectations.
Answer: D
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Minneapolis business Rogue Chocolatier sells specialty chocolate bars with a high cocoa content. The price of cocoa beans shot up 44 percent in 2008. How did this affect Rogue's short run costs?
A) Short run variable costs would increase. B) Short run fixed costs would decrease. C) Short run total costs would decrease. D) Short run average fixed costs would increase.
Refer to Figure 2-8. Suppose Vidalia is currently producing 60 dozen orchids per period. How many roses is it also producing, assuming that resources are fully utilized?
A) 40 dozen roses B) 50 dozen roses C) 60 dozen roses D) 100 dozen roses
With special-interest legislation,
a. benefits are concentrated but costs are widespread b. both benefits and costs are concentrated c. benefits are widespread but costs are concentrated d. both benefits and costs are widespread e. there is no predictable relationship between costs and benefits
Which of the following statements is TRUE?
A. There is a direct relationship between investment and the interest rate. B. There is no relationship between investment and the interest rate. C. There is an inverse relationship between investment and the interest rate. D. Investment is always less than savings.