When operating at the profit-maximizing/loss-minimizing level of output, total revenue minus total cost is a little under
A. $200.
B. $100.
C. $45.
D. -$45.
A. $200.
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The tendency for inflation to change relatively slowly from year to year in industrial countries is called:
A. the inflation gap B. potential inflation. C. inflation inertia. D. inflation expectations.
To say that money serves as a store of value is to say that money is a useful way to store wealth for future use
a. True b. False Indicate whether the statement is true or false
Macroeconomic equilibrium occurs when:
a. Expected supply equals expected demand. b. Expected leakages equal actual injections. c. Actual leakages equal expected injections. d. Actual supply equals actual demand and actual leakages equal actual injections. e. Expected amount supplied equals expected amount demanded, which means expected leakages equal expected injections.
Which of the following is an accurate example of what an individual demand curve shows?
a. Dave’s demand for blue jeans will increase as the price of blue jeans drops. b. As the overall price of goods in the United States increases, the demand for goods decreases. c. When the demand for KDF sneakers decreased, the company tried a new design. d. Chicago’s legal firms raised their fees, causing the number of law firms to increase.