When the price of nuclear missiles rises, this change is reflected in the CPI but not in the GDP deflator
a. True
b. False
Indicate whether the statement is true or false
False
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Restrictive covenants place constraints on the behavior of ________
A) borrowers B) lenders C) the central bank D) the executive branch of the federal government
If price is cut and demand is elastic, total revenue will rise because
A) the change in quantity demanded is greater than the percent change in price. B) the percent change in quantity demanded is greater than the change in price. C) the percent change in quantity demanded is greater than the percent change in price. D) customers can't find substitutes.
In Figure 35.1, what is the opportunity cost of motorcycles in the United States?
A. 2 DVD players per motorcycle. B. 1/2 of a DVD player per motorcycle. C. 1/3 of a DVD player per motorcycle. D. 1 DVD player per motorcycle.
Which of the following is a responsibility of Congress?
A. Monetary, fiscal, and supply-side policy. B. Monetary policy. C. Monetary and fiscal policy. D. Fiscal policy and supply-side policy.