Economists regard some inflation as good for the economy
a. True
b. False
A
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From the 1970s through the 1990s, the relative price of a college education has increased greatly. During the same time period, college enrollment has also increased. This evidence suggests that during this time period
A) the demand curve for a college education has shifted leftward. B) the demand curve for a college education has shifted rightward. C) the supply curve for a college education has shifted leftward. D) the supply curve for a college education has shifted rightward.
Which of the following is not an explicit cost?
a. salaries b. sales taxes c. the cost of utilities, such as gas and electricity d. insurance premiums e. the value of a firm owner's time
Keynesian economists argue that the automatic adjustment of wages and prices in the macro economy is quite rapid
a. True b. False Indicate whether the statement is true or false
What is considered the most relevant interest rate when conducting monetary policy?
A. Short-term nominal interest rate B. Long-term nominal interest rate C. Annual nominal interest rate